Humanitarian Highlight 1.27.22
This week's #HumanitarianHighlight features credit unions that are rewarding their members. The credit union movement is dedicated to providing members with exceptional benefits, and one of the best ones many credit unions offer is returning money to the members through charity or dividends. Here are a few credit unions doing just that!
Ascend Federal Credit Union returned $7 million to members, making a total of $99 million given back to its members since 2004. A significant portion of proceeds generated from the credit union are returned to members every year, and the credit union announced this significant donation during its 70th anniversary year.
Educators Credit Union announced a $4.9 million Member Loyalty payout for 2021, marking total payouts of $18.1 million over the past five years. This year's particular payout is the largest to date and was done as a thank you to the credit union's members.
Goldenwest Credit Union gave a Bonus Dividend of $3 million to its members, contributing to an overall total of more than $20.4 million over the last 18 years. The bonus dividend program is part of the benefits the credit union offers its members.
Western Division Federal Credit Union paid members over $1 million in returned expenses from over the last year. Overall the credit union has paid back more than $10 million in such dividends to members since 2003.
West Virginia Central Federal Credit Union announced a commitment to donate funds to a members' local charities of choice when they refinance their auto loans. This credit union often runs many promotional offers to encourage refinancing, but this opportunity gives members a chance to give back to their community.
Clearview Federal Credit Union distributed a total of $20,000 among multiple Pennsylvania charities for a holiday giving program. Each selected charity received a $2,500 donation and gifts, depending on the needs of the organization. The selected charities were the Adoption Connection, the Lighthouse Foundation's annual Toy Shoppe, Familylinks, and Operation Troop Appreciation.
MIDFLORIDA Credit Union, in cooperation with other major sponsors, helped support the Polk County Schools Teacher and School-Related Employee of the Year event. The School-Related Employee of the Year receives $2,500, whereas the Teacher of the Year is given $5,000. MIDFLORIDA contributed $650 in additional prizes to finalists in both categories.
We're happy to outline those credit unions rewarding members for their membership, and we hope these stories encourage more people to participate in the growing credit union movement.
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