Foundations Provide an Avenue for CUs Into Local Communities
Credit unions seeking higher profiles in their local communities are increasingly starting their own foundations as ways to do well by doing good.
"We're seeing about two to three contacts a week from credit unions who want to ask us about what we were doing and how we got started," said Linda Rogus, executive director of the Northwest Federal Credit Union Foundation, headquartered along with the credit union in Herdon, Va., a Washington suburb.
Other foundation activities have included adopting six soldiers stationed overseas and sending them care packages with 600 pounds of snacks, entertainment items and other necessities. The organization also hosts an annual dance for children receiving treatment at the Children's National Medical Center.
Bucky Sebastian, executive director of the National Credit Union Foundation, said the foundation is aware that credit unions are starting local foundations and, on the whole, finds it healthy.