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CU System
PCUF Fundraising up in 2010
HARRISBURG, Pa. (1/6/11)--The Pennsylvania Credit Union Foundation announced Tuesday that it raised $261,333 in total funds in 2010, or 16% more than in 2009. It also raised 231,583 in unrestricted funds, or 5.3% more than its 2009 total. This result highlighted a successful year in which the foundation also awarded 28 grants for $126,500 to credit unions and non-profit organizations, principally for financial literacy projects (Life is a Highway Jan. 5. Foundation Executive Director Joe Wambach noted that the foundation board personally raised $143,894, or 14% more from credit unions and vendors than in 2009. The turnaround was also spurred by an 11% increase in the foundation’s Fall Leadership Viva Las Vegas special event. Foundation Chair Diana Roberts praised the generosity of the Pennsylvania Credit Union Association board, which supported small credit unions through its $20,000 restricted grant during the final week of 2010. “We expect to see a significant increase in our grants portfolio in 2011 because of an increase in educational webinar activities by small credit union staff that will result from this unexpected grant,” Roberts said. Roberts also expressed hope that the financial literacy project grants will increase as more credit unions participate in school and community-based activities during 2011.
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