MADISON, Wis. (5/8/13)--CUNA Mutual Group is encouraging its credit union members to sign up for paperless policy delivery to help the environment and raise money for the National Credit Union Foundation.
During May, CUNA Mutual will donate $5 to the NCUF for every credit union that signs up for paperless policy delivery. The insurer launched the month-long initiative with an e-mail May 1 to all credit union customers.
"As a strong 'green' advocate, CUNA Mutual launched this campaign to reduce waste, save money and take another step toward environmental sustainability," said Jennifer Norr, director, customer operations. "Plus it's a great way to support the NCUF and their programs that do so much to support credit unions."
A CUNA Mutual policy package averages 264 pages. With 6,000 credit union policies in force, the total number of printed pages can exceed 1.5 million. Reducing that provides enormous potential for savings, Norr added.
The company's goal is to inspire 2,000 credit unions to go paperless, which would raise $10,000 for NCUF. "But we won't stop there," Norr said. "If more than 2,000 of our customers go paperless within the month, we'll continue to add to the donation with the potential to give $30,000."
CUNA Mutual began making policies available online in 2012 in its Credit Union Protection and Collateral Protection business lines. Lending policies will be added later this year.
The 800 credit unions that have already gone paperless will benefit as well, with donations also being made on their behalf to NCUF.