ELCA Federal Credit Union in Chicago helps members build emergency savings by matching their deposits up to $50 per month, says Luis Reyes, CEO of the $25 million asset credit union.

The ministry-based credit union does this through grant dollars from church sponsors and affiliates, Reyes says.

The effort is part of the credit union’s focus on improving members’ financial well-being.

Reyes discussed these efforts during the 2021 CUNA Governmental Affairs Conference.