During the month of May, CUNA Mutual Group in Madison, Wis., has pledged to donate $5 tothe National Credit Union Foundation for every credit union thatsigns up for paperless policies.

“As a strong 'green' advocate, CUNA Mutual Group launched thiscampaign to reduce waste, save money and take another step towardenvironmental sustainability,” said Jennifer Norr, CUNA MutualGroup's director of customer operations. “Plus it's a great way tosupport the NCUF and their programs that do so much to supportcredit unions.”

The insurer kicked off the month-long initiative with a May 1email to all credit union customers.

The company's goal is to get 2,000 credit unions to gopaperless; that would generate $10,000 for the NCUF.

“But we won't stop there,” Norr said. “If more than 2,000 of ourcustomers go paperless within the month, we'll continue to add tothe donation with the potential to give $30,000.”

A CUNA Mutual Group policy package averages 264 pages. With6,000 credit union policies in force, the total number of printedpages can exceed 1.5 million, which provides enormous potential forsavings, Norr added.

CUNA Mutual Group began making policies available onlinein 2012 in its Credit Union Protection and Collateral Protectionlines of business. Lending policies will be added later thisyear.

The 800 credit unions that have already gone paperless won't beleft out either, as donations also will be made on their behalf tothe NCUF.