Image from Worldwide Foundation for Credit Unions "Bridge the Gap" video.
The CEO of the $26.7 billion SchoolsFirst Federal Credit Union in Tustin, Calif., and the appointed CEO of the $3.7 billion Local Government Federal Credit Union in Raleigh, N.C., challenged their peers to match a $100,000 donation for the Worldwide Foundation for Credit Unions.
The Madison, Wis.-based organization supports the development of financial cooperatives across the globe.
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SchoolsFirst President/CEO Bill Cheney and Dwayne Naylor, who will become president/CEO of Local Government in January, said their credit unions each contributed $50,000 for this initiative.
"The world is a better place with more credit unions in it. The transformational work of Worldwide Foundation for Credit Unions, in partnership with World Council for Credit Unions, is essential to growing and sustaining the credit union model, bringing financial inclusion and well-being to millions of lives every day," the CEOs said in a joint prepared statement. "SchoolsFirst FCU and Local Government FCU are proud to challenge our U.S. colleagues during this giving season to match us dollar-for-dollar – in order to complete the foundation's 2022 Bridge the Gap campaign. With a total of $100,000 in matched funding, the foundation's work can continue to (complement) active and proposed World Council projects worldwide. Every credit union has a part to play in expanding our model of serving members, and that is what our commitment and challenge to Worldwide Foundation for Credit Unions is all about."
From now until Dec. 31, donations to meet the $100,000 challenge can be made online at this Worldwide Foundation for Credit Union site.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
