Carolinas Credit Union Foundation fundraisers yield success at Annual Meeting
Thursday, June 6, 2019
Carolinas Credit Union Foundation supporters came together once more at the Carolinas Credit Union League’s 2019 Annual Meeting to participate in the Foundation’s Wine Pull and Silent Auction. The two-day fundraiser resulted in $7,000 raised to help support key programs including those for: needs-based and academic scholarships for credit union members in the Carolinas; professional development grants for small credit unions; and the new community grant initiative launching in 2020.
This is the second year for the Foundation’s wine pull where participants paid $25 to pull a numbered cork that corresponded to a matching numbered bottle on the table. More than 100 bottles were donated, including some high-end selections so there was a big draw to participate. The fundraising success was owed to the participants, but most importantly, to the credit unions and business partners who donated auction items and wine.
Participating credit unions include: Allegacy; Carolina Federal; Carolina Trust; Charlotte Metro; Coastal; Edisto; Family Trust; Founders; Greenville Federal; HealthShare; Health Facilities; Heritage Trust; Lion's Share; Local Government; Members; Mid Carolina; Mountain; NC Community; Nova; Palmetto Citizens; Palmetto First; Palmetto Health; Piedmont Advantage; Premier; SC Telco; Sharonview; Shuford; SC Federal; SPC; State Employees'; and Summit.
Participating business partners include: The Baker Group; Cantey, Tiller, Pierce and Green; Carolinas Credit Union League; College Foundation of NC; Creative Builders; CUNA Mutual Group; Dolphin Debit; Kasasa; Mark Lynch with CU Difference; My CU Services; Route 66; PFP Services; SCF Solutions; State National Companies; and Vizo Financial.
The Carolinas Foundation also addressed attendees during the CCUL Business Meeting on June 4, and there Foundation President Lauren Whaley shared the accomplishments of the past year. Whaley also announced the newly modernized mission, vision and core values of the Foundation, better aligning with the services it provides as a partner in philanthropy.
“Our mission is to empower and inspire credit unions in the Carolinas through collaborative opportunities to enrich our communities,” noted Whaley. “We are committed to that mission through the initiatives and programs we lead here in the Carolinas.”
Notable priorities and happenings shared in her report include:
- Raising nearly $5 million for Victory Junction. Celebrating its 15th anniversary, Victory Junction has been the most prominent recipient of fundraising support from the Foundation and credit union system. Because of the Foundation’s sponsorship of the Reach Program, expansion into almost all children’s hospitals and Ronald McDonald Houses in the Carolinas was made possible, touching the lives of more than 25,000 children and families in the last five years. Also marking its 15th year is the Carolinas Cup, a fundraiser for Victory Junction organized by CUNA Mutual Group. Reminders to save the date for October 27-28 were provided to the attendees.
- Finalizing Phase III Disaster Relief Grants. Nearly $200,000 was awarded through more than 250 grants to credit union employees in the Carolinas impacted by Hurricane Florence. These grants were made possible by donations from credit union employees, credit unions in the Carolinas and supporters from across the country.
- Making charitable giving, scholarships possible through fund management programs. The Foundation is assisting credit unions, chapters and business partners with local charitable giving, scholarships for higher education and employee hardships through its fund management programs. Through Donor-Advised Funds, nearly a half a million dollars was awarded in grants to local non-profits in the communities across our states. The Foundation will soon be disbursing more than $230,000 in scholarship funds for members in the Carolinas in a few short weeks.
- Recognizing credit union achievements via state-level CUNA Awards. In conjunction with the League’s LAUNCH conference held at the beginning of each year, the Foundation honors the great work of credit unions and the achievements of its peers at the annual Awards Gala. State-level CUNA Awards submissions are due June 30, 2019.
- Expanding small credit union grant capacity. In collaboration with Summit Credit Union and the Elizabeth Hamilton Fund, the Foundation has expanded its small credit union grant capacity to more than $25,000 annually allowing credit unions with less than $50M in assets grant opportunities for professional development.
- Introducing a New Community Grant Program in 2020. Launching in partnership with the chapter system in the Carolinas, funds raised by the chapters will be matched for local non-profits that are focused on teaching, feeding and healing children in the Carolinas. The matched grants will be funded by the new Community Endowment Fund at Vizo Financial.
Whaley ended her remarks with gratitude to the Foundation’s Board of Directors, League, credit unions, business partners, and participants in the Wine Pull and Silent Auction.