RALEIGH, N.C. — State Employees' Credit Union is on a mission to help charities through its coin sorting machines.
The sorters are installed in $13 billion SECU's 203 branches statewide. The credit union said charities have saved thousands of dollars through coins collected from school fundraisers and community coin drives.
SECU originally deployed its coin sorters in branches to provide a much-needed member service at no cost, with most coin sorting machines assessing a 7% to 8% fee for use of the machine, the CU said. The coin sorters feature Fat Cat, which is the mascot of SECU's youth program designed to promote saving. SECU said it also offers its machines at no cost to other nonprofits and charitable organizations that were paying a fee elsewhere.
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A number of groups have benefited from the alliance including Meals on Wheels of Asheville, N.C., and a Fayetteville elementary school that brought in $1,870 in coins from a "Reading Rocks" fundraiser to their local branch, according to SECU.
"Using Fat Cat coin sorters to benefit not only SECU's membership but all North Carolina communities embodies the cooperative spirit on which our organization was founded," said Leigh Brady, SECU's senior vice president of education services.
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