DakCU announces CU Social Good Awards
BISMARCK, ND (May 18, 2021) — While many people were suffering during the pandemic, credit unions stepped up in a very big way. In 2020, credit unions across the country donated more than $91.7 million in donations to charitable causes, community organizations, essential workers, and hospitals. In addition, more than 53,000 hours of volunteer hours were documented.
Here in the northern plains, North Dakota credit unions contributed over $180,000 in direct community impact, while South Dakota logged over $181,000 in community impact. The CU Social Good Award recognizes one credit union in each asset category that has positively affected the community and the Dakota credit union movement. This year’s winners are:
East River Federal Credit Union, Madison, SD – $26M to $125M in assets. East River FCU embraced the “people helping people” philosophy even while the past year presented many challenges. They collected donations for the local food pantry, created an online game to help people stay connected with loved ones, and developed creative ways to help parents teach kids about finances. They made multiple donations including to the local housing and utility assistance fund, offered free financial counseling, and provided school supplies for area students.
North Star Community Credit Union, Maddock, ND – Over $126M in Assets. North Star found many ways to support their community in 2020. They initiated a “pay it forward” cash bonus to each employee and encouraged them to share with someone in need. They provided $50,000 in gift cards for local businesses to first responders, healthcare workers, and teachers. Staff delivered “goodie bags” to local nursing homes and volunteered at local food pantries. Even after a very difficult year, this credit union paid out a $1M bonus dividend to members to help them through a financially difficult time.
Credit unions truly are “built for times like these.” Congratulations and we thank East River FCU and North Star Community CU for their dedication to the credit union philosophy of “people helping people.”
Trasi Smith, VP of Operations from East River FCU accepts the CU Social Good Award from Jeff Olson, DakCU President/CEO.
Bob Herrington, CEO of North Star CCU accepts the CU Social Good Award from Jeff Olson, alongside staff and board of director members.
About Dakota Credit Union Association (DakCU)
Dakota Credit Union Association is the professional financial trade association serving 71 credit unions that employ 2,200 individuals in 221 branches. With more than 500,000 members in North and South Dakota, Dakota credit unions have assets exceeding $7.6 billion and currently are providing Dakota consumers with over $5.2 billion in loans while safely housing more than $6.6 billion in savings. In our mission to help credit unions succeed, DakCU plays a key role in growing membership and helping to provide service excellence to members from offices in Bismarck, ND and Sioux Falls, SD. For more information visit our website.