NEW YORK (1/15/16)--Perhaps the time Arianna Huffington spent with credit unions at the 2015 Credit Union National Association Governmental Affairs Conference rubbed off on her. In recent days, The Huffington Post has been running regular blog posts by credit union leaders about the difference credit unions make in their communities.
On Wednesday, two blog posts appeared on the website.
One was written by Benda Raker, CEO of Northumberland County Schools FCU, Milton, Pa., who wrote about her credit union’s “Stuff the Bus” campaign, which collects school supplies for children in need.
Linda Walker, president/CEO of Riverdale CU, Selma, Ala., wrote about the credit union’s efforts to feed children in the community who qualify for the county’s free lunch program.
“Many of them arrive in their classrooms hungry on Monday mornings. We knew we had to help change this sad situation,” Walker said. “Our staff now gathers in the credit union’s storage room every Wednesday morning to fill 100 bags with food and prepare them for distribution.”
Earlier in the week, Ken Landis, president/CEO of Pasadena (Calif.) Service FCU, blogged about the credit union’s decision to offer a mortgage loan to a couple who had gone into bankruptcy.
The couple happened to be the parents of a local sheriff who was killed in the line of duty. They had spent every dime they had fighting to ensure the individual who was convicted of their son’s murder was extradited to California to live out a life sentence without parole.
“Upon learning of our offer, the sheriff’s father drove to our office to meet the people who helped him and his wife get a mortgage after all they had been through,” Landis wrote. “They are now in their new home, and we are pleased that we could do our part to make up for even a small portion of their hardship.”
Also on Monday, Bernie Winne, president/CEO of Boston Firefighters CU, wrote about the credit union’s work to improve the lives of military members who had fallen into financial hardship.
“Low pay rates and creditors that prey on young servicemen and women while they are stateside are just two of the reasons many get into this situation,” Winne said. “The problems are often compounded during deployments when bills and credit obligations are not the main priority.”
The credit union offered veterans A+ credit rates on auto loans and personal consolidation loans as a way to start them back on the path to financial stability.