Members First pledges to donate dividend from NCUA Corporate Stabilization Fund to local charities.
Federally-insured credit unions anticipate refunds in 2018. Members First encourages credit unions nationwide to join them in supporting local charities.
Members First Credit Union is pledging to support critical community programs, and is encouraging other credit unions across the nation to do the same with funds from an unexpected rebate. The National Credit Union Administration (NCUA) announced last Fall anticipated reimbursements totaling $600-$800 million to federally-insured credit unions nationwide.
“Receiving this refund is like winning the lottery – we didn’t expect it,” said Bruce Leighton, president and CEO, Members First Credit Union. “We feel that the best course of action is to use the funds to deal with issues happening right outside our very own doors. Everyone, including our members, will stand to benefit from this.” Members First embraces the motto, ‘People helping people,’ and encourages its fellow credit unions in New England and across the country to join them in committing to donate their refund to charities in their local communities. “We don’t know how much money to anticipate from the NCUA, but we do know that our contribution – whatever the amount – will have an even greater impact if others join us in this effort,” said Leighton.
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The credit union's gesture of good will has piqued local and national interest.
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Learn about some of the other ways Members First gives back to our community.