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CU System
Pa foundation: A record year in grants, fundraising
HARRISBURG, Pa. (12/3/13)--The Pennsylvania Credit Union Foundation enjoyed a record year of unrestricted fundraising and providing grants awards during 2012.

Foundation Chairman Ray Brunner and Vice Chairman Dave Ackerman reported that grant awards in 2012 totaled $151,620, a 20% hike over the $126,358 in awards granted in 2011. Unrestricted funds, or funds that are not earmarked for a specific project, raised totaled $266,062, or 23% more than 2011's $216,404 raised, reported the Pennsylvania Credit Union Association newsletter, Life is a Highway (Jan. 2).

In addition, a restricted Project Haiti program, which will be implemented this year, attracted $23,575 in pledges from 25 credit unions in the state.

"Favorable publicity generated from a joint association/foundation flood relief program in 2011 attracted large support from credit unions in affected areas of eastern Pennsylvania," said Brunner.

Ackerman credited "successful reality fairs in Philadelphia and western Pennsylvania as factors behind the impressive fundraising totals from credit unions and vendors, who not only contributed financial support but also shared in the implementation of these types of projects in schools."

The foundation said that during 2013, it would continue to implement projects that benefit small credit unions and provide financial literacy to schools throughout Pennsylvania.


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