Cornerstone Foundation 2014 impact includes $657K in fundraising

September 29, 2015

FARMERS BRANCH, Texas (9/29/15)--Credit unions in Arkansas, Oklahoma and Texas raised more than $657,644 during 2014 to support activities of the Cornerstone Credit Union Foundation (CSCUF), according to the foundation’s most recent Impact Report.

They did so by supporting three main fundraising initiatives--the 17th Annual Golf Tournament, the Festival of Trees and Financial Fitness Day--and raising funds via payroll deductions, chapter fundraising events, the Community Investment Fund (CIF), individual gifts and memorials or honorariums.

The foundation awarded 157 grants totaling $241,472 for Real Solutions, the Texas Council on Economic Education, National Credit Union Foundation (NCUF) initiatives, 37 scholarships, eight Junior Achievement grants, nine chapter grants, El Paso Affordable Housing CUSO and 50 professional development grants.

“We simply would not be positioned to be as successful as we have been over the years without the support of our credit unions and other contributors,” said CSCUF Executive Director Courtney Moran. “Together we are truly making the difference.”

Other 2014 highlights:

  • Forty-six  investors contributed to the CIF, resulting in $10.2 million in combined CIF investments;
  • Forty-four Community Investment Fund grants were issued, totaling $98,599;
  • Roughly 420 FOCUS financial education network members reached 43,507 individuals of all ages with financial education in 72 cities, three states and two countries, through FOCUS Summit, Financial Fitness Day, Consumer Credit Counseling Service, BizKids$ Entrepreneur Contest, and NCUF programs;
  • The Cornerstone foundation conducted nine Train the Trainers sessions at 20 credit unions with 150 attendees and 29 community organizations; six retirement fairs, and in partnership with NCUF Real Solutions, 80 Reality Fairs educating more than 4,950 students; and
  • Provided disaster relief, including assisting credit union staff affected by tornadoes in Arkansas with phase I grants of $500 and phase II grants of $5,000.