ARLINGTON, Va. — NAFCU's July Flash Report survey found that credit unions are practicing community involvement even though they are not subject to Community Reinvestment Act requirements.
"Almost all of NAFCU's Flash respondents indicated that they allow and promote their staff members to volunteer for community activities (98%)," NAFCU found. "In addition, almost all respondents said that their credit union has sponsored a community event within the last 12 months (98%)."
More than half said their staffs were "directly involved with community redevelopment programs." Additionally, 98% said their credit union, board members or staff have supported local nonprofits within the last year with 97% providing financial donations, 93% volunteer their time, and 75% co-sponsor events. Another
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