Since installing coin sorters at its 225 branches in 2005, State Employees' Credit Union said it has helped charitable groups sort approximately $317,000 at no charge to the organizations.
The $18 billion credit union said typical coin sorter fees start at 7% with some as high as 10%. SECU sorts the coins for nonprofit groups like the Knights of Columbus for free. The organization's sponsors campaign to assist other entities that support people with disabilities.
The Raleigh, N.C.-based credit union said because it does not charge a fee to nonprofit groups to use the coin sorters, it has saved the organizations nearly $25,000.
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