During the past year, eight credit unions across the country have helped members to save more than $8.3 million in interest savings while also supporting local charities by participating in the Community Challenge program.
The interest-savings and charitable-giving campaign is designed to help members save money by consolidating or refinancing current loans that are with other financial institutions, Dan Altenbernd, COO of MemberTree Consultancy, said. The firm is a division of Fargo, N.D.-based H2M, which oversees the program.
To develop the program, MemberTree partnered with the $317 million United Teletech Financial Federal Credit Union in Tinton Falls, N.J. The community-wide program has an interest savings goal, which when achieved, triggers a predetermined donation to local charities by each credit union.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
