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Weak Economy Has Not Cast a Pall Over CU Charity Work and Donations

HOBOKEN, N.J. -- Current economic conditions have put a strain on financial institutions and the country as a whole, but credit unions are not faltering in the people helping people philosophy through community involvement and donations.

By Lindsey Siegriest | Updated on August 19, 2008

HOBOKEN, N.J. — Current economic conditions have put a strain on financial institutions and the country as a whole, but credit unions are not faltering in the people helping people philosophy through community involvement and donations.

Noelle Fischer-Herbert, vice president of corporate development at Pacific Service Credit Union in Walnut Creek, Calif., said that her credit union has been fortunate to not have to make any cutbacks in community involvement and donations because the credit union has a set annual amount that goes toward community outreach each year. In feedback she received from the American Red Cross, Fischer-Herbert said that the Red Cross reported that they’ve seen a reduction in contributions this year and have seen more people that are in need.

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