NCUFNational Credit Union Foundation
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As a result of the devastation caused by hurricanes Irma and Maria, PSCU is making two additional $20,000 donations to aid the NCUFs efforts.
In addition, NCUF and NCB have created a simple and secure online fulfillment platform to ensure accounts can be opened quickly and the funds can be put to work in local communities immediately.
For NCB, the partnership with NCUF presented a great opportunity to complement its own mission banking efforts of supporting underserved communities and cooperative expansion initiatives, which in 2009 totaled more than $391 million committed to low and moderate-income communities nationwide.
coop, the NCUF will coordinate with the Louisiana Credit Union Foundation in the disaster area to distribute money efficiently to affected credit union employees and members.
The NCUF said it will release profiles of all of the Wegner honorees in the coming weeks.
At NCUF, we're trying to encourage credit unions to look for opportunities to contribute to the financial well-being of their communities by becoming part of their strategic architecture," Hyland said.
The program is designed to encourage participants to formulate a solid, strategic financial plan to achieve their retirement goals, said Mark Lynch, a REAL Solutions field coach who helps oversee the NCUF program.
To host the fairs, the NCUF encourages credit unions to partner with other organizations such as local businesses, churches and community groups.
Still, Shell FCU's CDA investments will continue to go towards the Pete Crear Fund as well as the NCUF, she pointed out.
Efforts could be targeted at improving financial literacy through presentations of the Biz Kid$ program, the NCUF video program that introduces financial topics and entrepreneurship to children ages 8 to 16, she said.
It is estimated that families can increase their income by as much as 25% with access to reliable transportation, said Gigi Hyland, NCUF executive director.
The NCUF loan product is one of five in Filene's accessible financial services incubator funded by the Ford Foundation, according to both credit union organizations.