WABASH, Ind. (8/13/14)--Credit unions frequently pool funds in an effort to support local organizations and charities, but one credit union in Indiana has adopted an innovative way to pick which organizations to aid: by taking a vote of its members.
Beacon FCU, Wabash, Ind., with $1 billion in assets, recently announced the Project Spotlight charitable giving campaign, which it designed to help discover and support worthwhile projects within the various communities the credit union serves.
At the outset of the program, the credit union sent out a call to members to nominate local charities, not-for-profits and community projects to become eligible for funding from Beacon.
Voting for the most recently nominated organizations began Aug. 1.
"With your help and participation, when voting ends at the end of September, we'll be donating a total of $21,000, benefiting 36 charitable organizations and projects in northeast Indiana," the credit union said on its website.
Beacon will split $1,750 among the first-, second- and third-place winners in each of the 12 communities the credit union operates a branch.
"Our hope is to be able to support community projects both large and small, and bring awareness to the many good things happening in our communities every day," Beacon said.