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News Now

CU System
Members United Corporate establishes new foundation
WARRENVILLE, Ill. (11/17/08)--Members United Corporate FCU has established The Central Credit Union Fund Foundation to fund initiatives that support the theme of “people helping people” and to help credit unions improve consumers’ financial well-being. Members United is providing the foundation with $50,000 in its first year for operating costs/grant awards and $200,000 to establish an endowment. “Creating the foundation is a natural extension of our core mission,” said Kevin Brauer, president of Members United’s northeast region. “When we merged with Central Credit Union Fund in 2007, we wanted to recognize its position as the nation’s first corporate credit union and its continued commitment to serving credit unions. The foundation will benefit former Central Fund members and other Massachusetts credit unions.” The foundation will fund programs that encourage consumer education, financial literacy, financial services to those of modest means, credit union development, service to under-served consumers and management development. The foundation’s board of trustees approved its grant-making policy Thursday. Members United Corporate FCU is a national $10.3 billion asset financial institution headquartered in Warrenville, Ill.


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