Credit unions continue to give back when communities need it most
Thursday, May 28, 2020
As businesses and communities slowly reopen, credit unions across the Carolinas are continuing to put people first to help bring ease during these uncertain times. From increasing hourly wages to distributing community grants and scholarships to enhancing the online banking experience, here are some of the recent ways credit unions and others are giving back when communities need it most.
SAFE FCU gives employees a permanent $2 per-hour wage increase, enacted May 22. Plans were first announced in a staff meeting early February to keep up with recently announced wage increases at several major retailers.
“This is an investment,” said retiring SAFE FCU President and CEO Darrell Merkel. “We are investing in the people who help our members every day. Our employees and members deserve it and, from our perspective, that’s just as important as our recent investments in technology and facilities. It’s all about doing better.”
Truliant FCU is giving $30K of Community Mini-Grants to 30 community-based nonprofit organizations. This year, Truliant shortened its Mini-Grant application period to get funds more quickly to recipients facing operational challenges due to COVID-19. The program grants funding to support operating, programmatic, or capacity-building needs.
Greenville FCU upgraded its online banking with new advanced financial technology to make transactions faster, more convenient, and more secure, making social distancing easier during the pandemic. New features include additional security measures and controls, more personalized account features and functionality, and improved efficiencies.
Georgetown Kraft CU awarded fifteen (15) $1K GKCU College Scholarships to graduating high school seniors. The awards can be used on tuition, books, or room and board costs at any two- or four-year college of their choice. GKCU Board and staff members congratulated and recognized the students during a special “social distancing” reception by school.
“The class of 2020 has shown what it means to persevere,” states GKCU Vice President of Marketing Nikki Ewing in a press release. “Their year didn’t end quite the way they may have wanted, but they adapted and met the challenges that faced them and finished the year strong. GKCU is proud to be a part of their journey to the next steps in their lives by awarding these scholarships to reach their goals.”
SC Federal announced its 2020 scholarship winners. From 1,000 applications from South Carolina students, twelve (12) winners were selected to receive up to $12,000 toward their college expenses.
The Carolinas Credit Union Foundation continues to process COVID-19 Relief Grants from its Disaster Relief Fund, specifically for credit union employees who are facing financial hardship. Employees with demonstrated hardship due to loss of income in their household and little to no savings can be approved for a grant of up to $1,000 as part of the Foundation’s Phase I relief efforts. To date, the Foundation has approved $118,000 in grant funds to credit union employees.
More details on the grant program can be found here.
State CU delivered pizza and drinks to the Orangeburg Department of Public Safety. This is the credit union’s latest visit in a series of lunch deliveries to local organizations with workers on the frontlines during COVID-19.
People Helping People: Credit unions continue to help those in need during COVID-19 pandemic (4/29/20)
Credit unions continue to put their philosophy in action, helping those affected by COVID-19 (4/16/20)