FORT ATKINSON, Wis. – A $1.1 million dividend from Fort Community Credit Union will not only be shared by members, but also by a number of organizations in the surrounding community. Members of the $105 million credit union will receive their portion of $538,000 and $602,500 will be distributed as community grants, according to Richard Austin, Fort Community CU's chairman. Much of the grants will go towards refurbishing areas at local schools, classroom equipment purchases, park playgrounds, library, museum and hospital building funds and a host of cultural projects and other activities. In all, grants will be awarded to 24 projects ranging from $2,860 to $100,000. “This dividend will improve the quality of life for all of us,” Austin said. “The profits we generate benefit the whole community, not just our members. So when we say, `We are people helping people and neighbors helping neighbors,' we mean it.” Austin said the credit union solicited the local communities on the projects they thought they needed funding for but the selection process was difficult. “There were a lot of worthy projects out there that we couldn't support,” Austin said. “But what we did select was chosen because we figured it was very deserving of fund placement.”

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:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 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.