NOTRE DAME, Ind. (3/30/15)--Supporting Catholic parishes and schools nationwide is the goal of the new Elevate fundraising campaign from Notre Dame FCU.
In response to Pope Francis' call for new forms of economic cooperatives, the Notre Dame, Ind.-based credit union will apply the cooperative ideal to back the mission of Catholic parishes and schools.
"We know that finances for Catholic parishes and schools are tight," said Tom Gryp, Notre Dame FCU president/CEO, who added that the concept taps into the cooperative spirit of credit unions to raise money for initiatives nationwide.
The Elevate program will donate a percentage of eligible Notre Dame FCU credit products directly to the member's selected parish or school. Parish and school capital project loans and member business loans are also eligible for benefits through the Elevate program.
For example, if a family buys or refinances a vehicle for $20,000 with a loan through the Elevate program, Notre Dame FCU will make a $275 donation to the sponsoring parish or school.
Gryp also said the program won't be limited to Catholic entities. "Eventually, we will open up the Elevate program to any organization affiliated with Notre Dame FCU looking for a meaningful fundraising opportunity," he said.