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- Virginia's Credit Unions Donate $35,000 to State's Food Banks
- New Investment Option Added for Community Investment Fund Collaboration with NCB
- CUs Honored for Community Service, Financial Education Projects
- National Credit Union Foundation Celebrates 30 Years of Investing in CUs
- Virginia's Credit Unions Reach 34,355 Students With Financial Education Lessons
- Enterprise Car Sales, CUs Team Up to Raise $11,760 for CMN
- Credit Union-Sponsored Run Raises $9,279 for CMN
- League, Foundation Donate $20,860 to CMN
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The Credit Unions Care Foundation of Virginia donated $35,000 to the state's food banks during an event on Dec. 7. Pictured (from left): Roger Ball (Call Federal Credit Union and vice chairman of the Credit Unions Care Foundation); Bob Petty (Bronco Federal Credit Union and a member of the Credit Unions Care Foundation board of directors); Leslie Van Horn (Executive Director of Virginia Food Banks); Audrey Bollinger (Peoples Advantage Federal Credit Union and treasurer of the Credit Unions Care Foundation); David Miles (Chief Operating Officer for the Foundation); Gerrianne Burks (Northwest Federal Credit Union and Chair of the Credit Unions Care Foundation); and Rick Pillow (President of the Virginia Credit Union League and a Credit Unions Care Foundation board member). |
Virginia's Credit Unions Donate $35,000 to State's Food Banks
Virginia-based credit unions have donated $35,000 to aid the state's food banks this holiday season.
The donation was made by the Credit Unions Care Foundation of Virginia, a nonprofit dedicated to the charitable, educational and community causes supported by Virginia's member-owned credit unions. The funds will be used by the Federation of Virginia Food Banks to aid its associated food banks all across the Commonwealth.
"This marks the largest single donation the Foundation has made to date, which was made possible by the financial support of Virginia's 190 not-for-profit credit unions," notes Credit Unions Care Foundation Chief Operating Officer David Miles. "We're proud to help our local food banks, which do a wonderful job fighting hunger in our communities. Our hope is that our donation will help our local food banks keep their shelves stocked this holiday season."
Credit Unions Care Foundation of Virginia Donates $10,000 to Aid State's Food Banks, Salvation Army
The Credit Unions Care Foundation of Virginia has made a $10,000 donation to aid food banks and the Salvation Army this holiday season. Funds are being distributed to all areas of the state thanks to the support of Virginia's not-for-profit, member-owned credit unions, which contribute financially to the Credit Unions Care Foundation.
"The economy has strained our communities and limited resources. Our Foundation has made it possible to help in this time of need by donating a total of $5,000 to food banks across the Commonwealth and $5,000 to support the Salvation Army's work in Virginia," said Gerrianne Burks, president and CEO of Herndon, Virginia-based Northwest Federal Credit Union and chairman of the Credit Unions Care Foundation of Virginia. "Credit unions are proud of our service to our members and our communities, and we know these funds will be put to good use in serving those in need."
Credit Unions Care Foundation Launches New Fundraiser;
Celebrates First Year's Achievements
The Credit Unions Care Foundation of Virginia took center stage May 7 at the Virginia Credit Union League's 76th Annual Meeting, hosting an inaugural gala and 1st anniversary celebration. Since its inception in May 2009, the Foundation has raised more than $100,000 from credit unions, individuals and partner organizations in support of credit unions' charitable, educational and community development initiatives.
The Foundation also launched its Bears That Care fundraiser, asking credit unions to help it sell adorable stuffed teddy bears through their lobbies in order to raise funds for the Foundation's work. Credit unions can also choose to purchase the bears for distribution to their local Children's Miracle Network-affiliated hospital, women's shelters, or child care programs.
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Virginia's Credit Unions Reach 34,000 Students Through Financial Education Presentations During 2009-2010 School Year
Virginia's credit unions reported reaching 34,355 students during the 2009-2010 school year with lessons on personal finance basics. Ninety-five staff members from credit unions all across the state reported conducting 982 financial education programs during the school year. (See list of presenters here.) The programs ranged from the wise use of credit to budgeting to lessons from the National Endowment for Financial Education's High School Financial Planning Program.
"One of the most important ways of demonstrating the credit union difference is through financial education,” said Virginia Credit Union League President Rick Pillow. “Credit unions are a trusted financial partner for millions of Virginians, offering not only consumer friendly products and services, but also devoting significant resources to educating consumers on how to make informed financial choices that lead to a secure financial future."
During the past five school years, Virginia’s credit unions have reached 137,778 school children with lessons on basic budgeting and money management. The Virginia Credit Union League’s Board of Directors has identified financial literacy, particularly among youth, as one of its priorities.