SEATTLE — The AACUC's Pete Crear Fund is moving forward at asteady pace since its launch nearly two years ago.
|Launched in 2004, the fund now has $9.5 million invested.Administered through the National Credit Union Foundation, it helpsthe AACUC with a number of projects including assisting creditunions impacted by Hurricane Katrina; sponsors several credit unionexecutives in Africa to attend training institutes in Nairobi,Kenya; and helps offset costs for the coalition's internshipprogram, which has seen the placement of 40 interns thissummer.
|According to Hubert Hoosman, AACUC treasurer and president/CEOof Vantage Credit Union, the fund has become the second or thirdlargest donor-designated fund in the credit union industry. Hoosmansaid plans are to double the fund by this time in 2007.
|“We're not asking just to give money but to share interest,”Hoosman said, adding NCUF has been pivotal in ensuring the fund'ssuccess.
|In 2005, the fund distributed more than $33,000.
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