The credit union industry will be a part of history when the Martin Luther King Jr. National Memorial monument will unveil in Washington Aug. 28.
In a letter to all that contributed, the African American Credit Union Coalition wrote, "The credit union community can be very proud of its role in bringing this vision into national focus … our donations totaled over $1.4 million! This is the type of groundswell support that sets credit unions apart from other financial institutions. Credit unions of America will take their rightful place on the monument's Donor Wall of Honor."
Since 2007, the AACUC has led a donation campaign within the credit union industry that encouraged those interested to contribute to the building of the King memorial on the National Mall. Credit union, leagues, trade groups and others have made donations.
The Washington DC Martin Luther King, Jr. National Memorial Project Foundation Inc. has spearheaded a national fundraising effort. As of May 23, the foundation said more than $112 million had been raised towards its $120 million fundraising goal. In 1996, Congress passed joint resolutions authorizing the establishment of the King Memorial. The groundbreaking took place Nov. 13, 2006.
AACUC Funding Development Chairman Hubert Hoosman said a radio ad recorded by Paul Berry will run nationwide starting this weekend promoting the monument's dedication. Veteran journalist Berry is the host of CUNA's Home and Family Finance program.
"As we approach this historic event, we thank you for your unselfish support. While it doesn't surprise us, it does make us extremely proud to be a part of such a giving business community." Hoosman said.
The King Memorial official dedication will take place on the 48th anniversary of the March on Washington and King's historic debut of his "I Have a Dream" speech.
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