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CU System
CU waives coin fee for kids donation
NORTH TONAWANDA, N.Y. (12/17/09)--Niagara Regional FCU waived its usual coin sorting fee to help a group of children who donated their change to buy a new chair for the local fire department. About 60 second-graders arrived at the North Tonawanda, N.Y. credit union to exchange $151 in coins for dollar bills. The money was used to purchase a new armchair for the fire department. A local store manager had agreed to sell the chair to the children at cost (Tonawanda News Dec. 16). Donna Wick, Niagara Regional FCU CEO, was touched by the children’s donation. She decided to waive the standard fee of 4% for using the machine so the children could keep all the money they raised. She told the newspaper that it was “cool” to see the children come into the credit union. She lined the children up two by two so they all could use the machine. The children’s teacher, Patricia Froebel, got the idea to buy a new armchair after she saw the living area for the firefighters a few years ago. The furniture was in poor condition, she said. Niagara Regional FCU has $19 million in assets.
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