HARRISBURG, Pa. (8/11/11)--The Pennsylvania Credit Union Foundation has reached a milestone of $3 million in funds raised during the past 15 years and four months. Since it was chartered on March 19, 1966, the foundation has issued 444 grants totaling more than $1.85 million, reported the Pennsylvania Credit Union Association (PCUA) (Life is a Highway
Aug. 10). Among the grants:
* 115 were financial literacy grants totaling $688,068 since 2003; * 38 were disaster relief grants for $309,522 since 1996; * 210 were small-credit union development grants totaling $549,180 since 2000; and * 19 were outreach grants totaling $242,113.
"The foundation has always served as an instrument that helps the underserved, both within and outside our movement," said foundation board Chairman Ray Brunner, who credited seven previous foundation board chairmen with the success. Jim McCormack, PCUA president CEO and foundation ex officio board member, noted that many volunteers serving on the foundation board "have devised a first-class strategy resulting in the foundation's success during the past 15 years." Joe Wambach, foundation executive director, pointed out that fundraising chairmen John Kebles, Bob Marquette and Dave Ackerman "have provided leadership and magnificent service." The caliber of grants also lent itself to the fundraising success, he said.