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News Now

CU System
SECUs free coin sorting saves charities 25000
RALEIGH, N.C. (7/21/09)--State Employees' CU (SECU) has helped North Carolina charities save nearly $25,000 through using its no-cost coin sorter machines. Many charitable groups collect a large volume of change through penny drives and coin collection events, and need a way to count the coins, said SECU in a press release. Typically, coin sorter fees begin at 7%, with some as high as 10%, but SECU offers its sorters at no charge. To date its coin sorters have counted about $317,000 in coin from charity groups. One of the organizations that uses the coin sorter at SECU's Raleigh-Stonehenge branch is the Knights of Columbus. Knights of Columbus spokesman Jerry Powell said the group sponsors campaigns to support people with disabilities, such as its Tootsie Roll campaign. "SECU makes it practical, enabling us to deal with the coins through the use of their coin machines. The folks at SECU show they are committed to the needs of others by helping us in this manner," Powell said. Each of SECU's 225 branch offices across the state has coin sorters, which were installed in 2005. They feature FAT CAT, SECU's youth program mascot.


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