Credit Union Partners With WOCCU to Support Financial Inclusion

Cy-Fair Federal Credit Union has created a credit card partnership with Worldwide Foundation for Credit Unions, the charitable arm of the World Council of Credit Unions, in an effort to provide financial support for the organizations projects in developing countries worldwide.

Members with the new card, dubbed the Global Good Card, can generate donations on signature-based transactions over $5 that will directly benefit WOCCU’s efforts in establishing credit unions in various countries across the world as well as other projects.

“Credit unions are founded on the principle of ‘people helping people,’” said Cy-Fair President and CEO Cameron Dickey, in a press release. “Our goal is to bring more awareness and impact to the work of credit unions who aspire to provide low-cost financial inclusion for all.”

Cy-Fair FCU became a partner of the Worldwide Foundation in 2015 by providing financial support for a project to help start credit unions in Cuba. Since then, both organizations have worked together on a number of programs in the past, including the Busia Compassionate Children’s Home in Kenya, mentoring, and information exchange projects with credit unions from around the world.

“Since 2015, Cy-Fair FCU and the Worldwide Foundation have partnered on several key initiatives to help people of modest means worldwide,” said Worldwide Foundation for Credit Unions Executive Director Mike Reuter, in a statement. “CFFCU’s adoption of the Global Good card program is the cumulative result of those activities.”

The Global Good Card adds WOCCU to Cy-Fair FCU’s other non-profit beneficiaries who make up its platinum “Day” and “Night” credit card program. The program provides members a unique way to earn rewards for themselves and produce charitable donations from the proceeds of qualified transactions for non-profit organizations with no cost to members.

Cardholders are able to select from a list of organizations like the Cy-Fair Educational Foundation, Boys & Girls Country, Boy Scouts, Cy-Hope and, now, the Worldwide Foundation for Credit Unions, where their funds will be directed to support its Do Global Good initiative.