Following up on the success of its "Hero" charity checking account honoring the military, the $475 million First Citizens' Federal Credit Union announced this week it has started a new checking/savings product recognizing law enforcement, firefighters and emergency personnel, called "Champions."
The Fairhaven, Mass. CU, which serves the Cape Cod market, said its new program honors "the men and women in the community who are providing extraordinary service" by offering them checking and savings accounts earmarked by lower interest rates, free check orders, free ATM transactions and other benefits.
The Champion Program is directed at members employed as teachers, police, firefighters, or EMS workers.
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"This new community-based initiative comes as a direct result of our successful Hero Program announced in October of 2007 and because of the enthusiastic response to it, First Citizens' has been able to donate over $40,000 to local veterans organizations to assist in the care and rehabilitation of our 'Heroes'," said Peter Muise, First Citizens' president/CEO.
Under the new program, First Citizens' is establishing the Family Champion Scholarship Fund. For each new account opened, First Citizens' will deposit $10 to benefit the children of Champion Account members.
In addition, First Citizens' will deposit $10 into the Scholarship Fund for each new auto, mortgage or home equity loan for Champion Checking Account holders. A minimum of two new $1,000 scholarships are to be awarded on a yearly basis.
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