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In 1844, a small group of weavers from Rochdale, England created the blueprint for how their newly-formed cooperative would operate and serve the local community. These values, known as the Seven Cooperative Principles, serve as the operating guidebook for credit unions and cooperatives throughout the world. This blog was created to honor that legacy and to showcase the everyday efforts of credit unions in the Carolinas that embody the cooperative mission and purpose.


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Allegacy partnership aims to improve physical, financial health

Posted By Jeff Hardin, Tuesday, February 20, 2018

Principle Seven: Concern for community. Credit unions work for the sustainable development of communities through policies developed and accepted by the members. Credit unions seek to achieve a greater good through responsible corporate citizenship.

Pictured: Allegacy Federal Credit Union President/CEO Cathy J. Pace (left) and Wake Forest Baptist Medical Center CEO Julie Ann Freischlag, M.D. at the new WellQ facility in Winston-Salem.

Wake Forest Baptist Medical Center and Allegacy Federal Credit Union are pleased to announce an innovative partnership – believed to be the first of its kind in the country – focused on improving both the physical and financial wellbeing of people in our community.

WellQ, located at 575 N. Patterson Avenue next to the Allegacy financial center at Biotech Place in Wake Forest Innovation Quarter, is a membership-based service that provides access to convenient high-quality health care for everyday illnesses and wellness needs, along with wellness and financial coaching and education.

Members will enjoy same day treatment of minor illnesses such as strep throat, upper respiratory illnesses, poison ivy and pink eye, for just $35 per visit. Financial benefits include membership at Allegacy Federal Credit Union with an AllHealth Wellness Savings Account, offering higher-than-market dividends, health care financial advising, no-obligation Healthcare Financial Planning to help plan for current and future health care costs and on-site financial education classes.

“There is a strong correlation between people’s physical and financial wellbeing as financial stress can negatively impact their physical health and vice versa,” said Cathy J. Pace, President and CEO, Allegacy Federal Credit Union. “Healthcare expense can be one of the top costs for families and a WellQ membership can be a vital part of financial planning for those who need an affordable, convenient place to go for minor illnesses, as well as valuable financial education and planning assistance.”

Additional health benefits include complimentary annual wellness exams and monitoring of conditions such as diabetes and high blood pressure, health screenings, wellness classes and access to 24-hour virtual visits. A convenient onsite visit-related pharmacy is stocked with common prescriptions and over-the-counter medications.

“The clinic at WellQ is not designed to be a substitute for a primary care provider, but rather as a convenience that complements a person’s existing primary care provider and supports the physical and financial wellbeing of members,” said Julie Ann Freischlag, M.D., CEO, Wake Forest Baptist Medical Center and Interim Dean, Wake Forest School of Medicine. “The Allegacy – Wake Forest Baptist partnership is about becoming champions for improving the overall health and wellbeing of the folks who live and work in our community.”

The clinic at WellQ is operated by Wake WellQ, LLC with experienced, licensed providers from Wake Forest Baptist Health.

Insurance is not accepted for clinic appointments or visit-related prescriptions at the onsite pharmacy, appointments are made online or through a smartphone app, and payment is made only with credit or debit cards, including those attached to Health Savings Accounts or Flexible Spending Accounts.

At least one physician assistant will be on site along with other clinical and office staff, including staff that will help guide members’ financial wellness and healthcare financial planning.

Annual membership for an individual is $199 and $249 for a family. Up to two adults and children/dependents ages 2-21 who share a household are included in the family membership. Membership may be free to individuals if their employer opts to add WellQ as a corporate benefit. 

Tags:  Principle Seven 

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CUaware Protégé Mentor program notes tremendous growth in 2018

Posted By Jeff Hardin, Tuesday, January 2, 2018
Updated: Tuesday, January 2, 2018

With the calendar flipping to 2018, a new crop of professionals will be participating in the CUaware Protégé Mentor program. Now entering its fourth year, the program is poised for tremendous growth from earlier years in the program. 

The CUaware Protégé Mentor program connects credit union professionals with a mentor for a period of one year. Through a process that is collaboratively designed by the mentor and protégé, a plan and goals are developed, and a strategy for maintaining regular contact is created. 

Nearly 35 professionals applied to be mentored in 2018, nearly three times the number in any previous year of the program! True to their cooperative nature, credit union professionals are stepping forward to offer their time and talents as mentors in order to meet the need. 

The program kicks off with a workshop on February 1 in Charlotte. This event takes place just prior to the CU Connect Conference. Executive coach and retired credit union CEO Lee Fogle will lead the workshop event, which will serve as a springboard to connect the Mentor-Protégé pairs. 

If you would like more information about the CUaware Protégé Mentor program, please contact Jeff Hardin (919-457-9063).  

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The 2018 CUaware Protégé Mentor program needs you!

Posted By Jeff Hardin, Monday, December 11, 2017
Updated: Monday, December 11, 2017

In 2018, why not resolve to give back by investing in the professional development of an up-and-coming leader!? Applications are currently being accepted for the 2018 CUaware Protégé Mentor program

The CUaware Protégé Mentor program connects professionals with a mentor at another credit union  for a period of one year. Through a process that is collaboratively designed by the mentor and protégé, a plan and goals are developed, and a strategy for maintaining regular contact is created.

The program is flexible and based on the needs of both the mentor and protégé in order to facilitate a meaningful and productive outcome for both parties. The League facilitates the match, provides some baseline support and assistance in getting started, and includes a few check-ins through the year. Other than that, the mentor and protégé work together to dictate the pace and flow of the relationship.  

Heading into 2018, there has been tremendous growth in the demand for mentors. "We're looking forward to an exciting year of exchange and professional growth through the program in the upcoming year," shared CCUL's Jeff Hardin, who coordinates the program. "This is a wonderful opportunity for people to give back to the credit union movement." 

Protégé applicants describe their overall goals for the relationship and provide other key details that help to determine a suitable mentor match. "You don't need to be in upper management to be a mentor," said Hardin. "All you need to possess is experience, knowledge and passion for what you do and a willingness to share your gifts with another person. I encourage anyone interested to apply."  

Complete program details and application forms for mentors and protégés may be found here. If you have specific questions or would like to speak to someone who has participated in the program previously, please contact Jeff Hardin (919-457-9063). 

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Three credit union staff receive CUDE scholarships

Posted By Jeff Hardin, Tuesday, December 5, 2017
Updated: Tuesday, December 5, 2017

The Carolinas CUDE Group is pleased to announce that Skyler Jackson (Carolina Foothills FCU), Megan Bell (Duke FCU) and Lauren Whaley (Carolinas CU Foundation) are winners of a scholarship to attend Credit Union Development Education (CUDE) in Madison in 2018. Bell, Jackson and Whaley will be eligible to attend one of the four CUDE training events scheduled in the upcoming year. 

The scholarships are funded by the earnings from the Principles and Philosophy Conference, an annual two-day event that is produced by the League working in partnership with the CUDE Group. This volunteer-led event teaches credit union staff about the cooperative & credit union business models and how they are unique in the marketplace. Attendees also learn the rich history of credit unions and co-ops, and how this history speaks to us today. 

In order to qualify for the scholarships, Bell, Whaley and Jackson attended a previous Principles & Philosophy Conference, submitted a thorough application that included why they wanted to be a CUDE, and how they planned to implement the experience into their career. Their CEO or a CUDE sponsor also had to provide a letter in support of the application. 

"We're thrilled that Lauren, Megan and Skyler have taken the initiative in their careers to attend CUDE, and we are truly pleased to award them these scholarships," said Jeff Hardin, who works with the CUDE Group in the Carolinas. "On behalf of the nearly 100 CUDEs in the Carolinas, we look forward to our scholarship winners attending CUDE and then partnering with us to promote the compelling social responsibility role of credit unions." 

For more information on the CUDE program, please visit the National Credit Union Foundation web site. The 2018 Principles and Philosophy Conference will be held October 23-25 in Sophia, NC at the Caraway Conference Center. If you would like to be placed on a contact list to register for this event, please contact Jeff Hardin (919-457-9063). 



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Two Carolina staff earn CUDE designation

Posted By Jeff Hardin, Monday, November 20, 2017

Forty-seven credit union professionals, including one each from North Carolina and South Carolina, successfully earned the Credit Union Development Educator (CUDE) designation earlier this month. CUDE is a program of the National Credit Union Foundation (the Foundation). The DE training was held November 1-8, 2017 at the Lowell Center in Madison, Wis.

JoAnne Harper (Peach State FCU) and Marty Pell (Coastal CU) were among the class members who successfully completed and earned the CUDE designation. More than 90 credit union staff (active and retired) are CUDEs in North Carolina and South Carolina, and work cooperatively on events and projects such as the Principles and Philosophy Conference.

DE Training provides critical lessons in cooperative principles, credit union philosophy and international development issues while incorporating challenges credit unions face today. During the recent week-long program, participants were involved in group exercises, field trips, discussions with speakers from around the credit union system, and were required to complete team projects proposing solutions for credit unions to help alleviate or eliminate challenging situations in any given area.

For this training’s final case studies, participants worked through and presented solutions to critical issues that included financial stability among young adults and families, credit union board development, building microfinance programs in developing countries, credit union solutions to predatory lending, the increasing issue of homelessness in America, and rejuvenating a stagnant credit union. In this way. participants are challenged to consider the cooperative nature and structure of credit unions when considering solutions to these issues.

For more information on the CUDE program, please go to the National CU Foundation web site. The Carolinas Credit Union League offers up to two scholarships to CUDE each year for staff at credit unions in North Carolina and South Carolina. For more information, please go to the CUDE Scholarship page or contact Jeff Hardin (919-457-9063). 

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