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Seven Principles Blog
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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 FCU's Garrick Throckmorton finalist for CUES Next Top Executive

Posted By Jeff Hardin, Tuesday, October 27, 2015
 
Garrick Throckmorton of Allegacy FCU earned the
opportunity to compete for the title of CUES 2015
Next Top Credit Union Executive contest in Arizona
November 8-11.

Garrick Throckmorton, assistant vice president, human resources at Allegacy Federal Credit Union, has been named one of the five finalists in the Credit Union Executives Society’s (CUES) 2015 Next Top Credit Union Exec contest. CUES highlights and honors emerging leaders age 35 and under from within the credit union community and recognizes the work they are doing to advance their credit union and the movement.

Throckmorton began the competition against 200 other credit union leaders from across the United States and Canada. He was required to create a video outlining the details of an innovative project the credit union has implemented and the online public voted for their favorite to narrow the field to 15. From there, a judging panel selected the five finalists.

Throckmorton, responsible for organizational development, submitted details of Allegacy’s current project titled ‘Healthcare Financial Advising’. Healthcare cost is one of the largest expenses that Americans will face in retirement, and it is also a leading driver for personal bankruptcy. Allegacy began a collaboration with Novant Health in 2015 to provide the option to engage members and patients in healthcare financial advising. After a biometric screening is conducted with their physician, the patient receives a predictive picture of their future health, combined with a detailed view of the potential future healthcare cost provided by an Allegacy financial advisor. From there, the patient/member can take action to remedy the health issues and/or begin a financial plan to ensure financial stability in retirement.

“This one of a kind solution builds a bridge between one’s health, and wealth, that has previously not been available,” said Throckmorton. “I am honored to be in the top five and to lead this ongoing Allegacy initiative that will positively impact the lives of employees and members.”

As a top five finalist, Throckmorton receives two executive coaching sessions and a trip to CUES' CEO/Executive Team Network event in Scottsdale, Arizona, November 8–11, 2015. While there, he will compete against the other four finalists and present the results and progress of his project to the judging panel, the conference audience and live to the online audience. The public will also be able to vote online for their favorite finalist at the CUES website.

The winner will receive a grand prize, a CUES educational package valued at $20,000, and the honor of being named the 2015 CUES Next Top Credit Union Exec.

Tags:  Allegacy FCU  CUES 

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Piedmont Advantage hot dog sale to support Victory Junction Reach program

Posted By Jeff Hardin, Wednesday, October 21, 2015
Updated: Wednesday, October 21, 2015
The Victory Lunch event raises funds for Victory Junction's Reach program. Piedmont Advantage plans to use the funds raised to create a Reach event at Brenner Children's Hospital in Winston-Salem. Learn more about Reach in this video.  

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.

Friday is fast approaching and Piedmont Advantage Credit Union wants you to celebrate with a Victory Lunch! The credit union plans a hot dog lunch sale at its Winston-Salem headquarters location (3530 Advantage Way in Winston-Salem) on Friday, October 23 from 11:00 am until 2:30 pm.

For just $3.50, you can get a hot dog, chips and drink, while $5 buys two hot dogs, chips and drink! All proceeds benefit the Reach program of the Victory Junction Gang Camp

In addition to the hot dog sale, Piedmont Advantage volunteers at the local Ronald McDonald House in Winston-Salem. Other fundraising events sponsored by the credit union include doughnut sales at the Dixie Classic Fair, bake sales, vendor days and earlier hot dog sales. "Altogether, these efforts have raised more than $4,000 to fund the Reach program in the local children's hospitals," shared Vicky Slate, the credit union's social responsibility chair.  

Reach enables volunteers to take a fun, camp-like experience to local children's hospitals. Credit unions in both North Carolina and South Carolina have been raising funds for Reach projects, and volunteering time at local hospitals in order to bring cheer to young patients. 

"Credit unions have a long-standing commitment to Victory Junction and to the campers they serve," remarked Carolinas CU Foundation Board President John Slack. "Reach is a great way for folks to connect themselves to the mission of the camp and give back to their local community." 

To view and download the event flier, please click here.

Tags:  Piedmont Advantage CU  Principle Seven 

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Credit unions support CU Lunch Local

Posted By Jeff Hardin, Monday, October 19, 2015
Updated: Monday, October 19, 2015

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.

Credit unions and the CCUL participated in CU Lunch Local on Tuesday, October 13. Staff and members at participating credit unions fanned out to local restaurants in order to support local business and call attention to credit unions as locally-owned financial institutions that care about the community.

Please click the video to see highlights from this year's CU Lunch Local events! 

Tags:  CU Lunch Local 

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Agriculture Secretary Vilsack recognizes co-op month

Posted By Jeff Hardin, Wednesday, October 14, 2015
Updated: Wednesday, October 14, 2015

October is Cooperative Month in the United States, and US Agriculture Secretary Thomas Vilsack recently recognized cooperatives nationwide for their efforts to strengthen communities as well as promote ownership and democracy. Vilsack's proclamation of Cooperative Month also recognizes the valuable products and services all cooperative partners deliver to the country. 

"I encourage all Americans to learn more about cooperatives and to celebrate cooperatives’ accomplishments with appropriate ceremonies and activities," Vilsack wrote in his proclamation. October has been set aside as cooperative month in America for more than 50 years. The month calls attention to the many achievements of the cooperative movement, and to the vast array of products and services they deliver to millions of Americans. 

This week also marks International Credit Union Day. Held on the third Thursday in each October, International Credit Union Day provides an opportunity for reflection and celebration of credit unions and credit union members. Credit unions & chapters in the Carolinas will join their fellow cooperatives in celebrating International Credit Union Day on Thursday, October 15. Thus year's theme is People Helping People

To view and download Secretary Vilsack's proclamation, please click here. To learn more about International Credit Union Day, please click here. And if your credit union is celebrating International Credit Union Day, we'd like to know about it! Please share details and photos of your events with Jeff Hardin, the director of cooperative initiatives.  

 

Tags:  Cooperative Month  International Credit Union Day 

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Western Chapter Bingo Night raises funds for charity

Posted By Jeff Hardin, Wednesday, October 14, 2015
Updated: Wednesday, October 14, 2015

The Western Chapter of Credit Unions held Bingo Night Tuesday, October 13 at the High Vista Country Club in Mills River. The fun event raised nearly $500 for Eblen Charities.

Nearly 80 credit union staff and their families attended the event, which fell during International Credit Union Week. True to the seventh principle of Concern for Community, the credit union group raised funds for Eblen's Food for Thought program, which provides snacks to schools in counties throughout western North Carolina.

The chapter has supported Eblen and Food for Thought for more than 10 years. Their financial support as well as their commitment to transporting snacks to schools in the area have ensured that thousands of kids get a little something to eat so they can better focus on their studies. "Eblen does great work and we direct all our fundraising toward them," shared Chapter President Susan Holiday.   

Participants bought bingo cards for $5 each and competed for cash prizes in multiple games. Through card purchases and donations, the group combined forces to raise $485 for Eblen by the end of the evening. 

Tags:  Principle Seven 

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