TruStage Pledges $1 Million to Support the AACUC
In addition to contributing to the AACUC’s Future Fund, TruStage establishes a new charitable donation account for CUs.
TruStage in Madison, Wis., announced Tuesday that it will be giving $1 million to the African-American Credit Union Coalition’s (AACUC) Future Fund, a new funding source launched by the organization in March to ensure its long-term strength and sustainability regardless of economic downturns and socio-political headwinds.
The donation will be paid out over three years in the form of a direct cash contribution, according to TruStage.
What’s more, to encourage more fundraising for the Future Fund among credit unions, TruStage established a new Charitable Donation Account (CDA) called the Commitment to Change directed CDA.
According to TruStage, contributions made to the Commitment to Change directed CDA will support AACUC programming focused on:
- Internships and Leadership Development: Building a succession pipeline for the credit union system and securing the safety and legacy of the people helping people philosophy.
- Long-Term Small Credit Union Sustainability: Ensuring the viability and vibrancy of the credit unions that are at greatest risk of mergers, acquisition and member attrition.
- Wealth Building and Community Impact Programs: Supporting credit unions and community-based organizations on initiatives that improve financial access, inclusion and well-being for communities of color.
CDAs are customizable and help credit unions give funds to qualified charities while expanding their investment options.
“TruStage is committed to making a brighter financial future accessible to everyone,” TruStage President/CEO, Terrance Williams stated. “The work AACUC does is critical to making that mission a reality in an increasingly diverse country. We’re proud to partner with them and help more credit unions serve more members.”
AACUC President/CEO Renée Sattiewhite added, “The TruStage $1 million direct cash donation and other significant programmatic support is being recognized as the very first Legacy Corporate Partnership. This partnership signifies and strengthens the commitment, dedication and thought leadership I have credited to TruStage (formerly CUNA Mutual Group) for the last decade.”