Minn. credit unions receive the most national awards for community involvement, financial ed...
Wednesday, March 18, 2015
Washington, D.C. – Five Minnesota credit unions received national awards in recognition of excellence in community service and financial literacy initiatives at a ceremony held on March 11 at the Credit Union National Association (CUNA) Governmental Affairs Conference in Washington, D.C.
Minnesota credit unions took home the most awards of all the states competing, and awards were received by Lake State Credit Union in Moose Lake, Cook Area Credit Union in Cook, United Educators Credit Union in Apple Valley, TopLine Federal Credit Union in Maple Grove and Hiway Federal Credit Union in St. Paul.
The credit unions were recognized for the following initiatives:
LAKE STATE CREDIT UNION
First place ($100-$200 million asset category) Dora Maxwell Social Responsibility Community Service Award for a pledge campaign in area high schools to promote "Drive Now, Text Later.'' The campaign’s goal was for students to pledge not to read or send text messages while driving.
COOK AREA CREDIT UNION
First place (Less than $50 million asset category) Desjardins Youth Financial Education Award for an initiative that began by asking: How can we bring financial education back into the schools? The answer: Start a focus group of students and have them create an in-school credit union branch at the K-12 North Woods School while also providing financial education to students.
UNITED EDUCATORS CREDIT UNION
Second place ($50-$150 million asset category) Desjardins Youth Financial Education Award for creating a Math Market for first graders at an elementary school in the Anoka Hennepin school district, the largest in Minnesota. In the Math Market the students learned how to “Save, Share, Spend” by finding out how to identify needs vs. wants, budget their money, count money and make change.
TOPLINE FEDERAL CREDIT UNION
Honorable Mention ($150-$500 million asset category) Desjardins Youth Financial Education Award for Get Smart With Your Money™ - an ongoing, age-specific financial education initiative that encourages kids and their parents to talk about spending, saving and sharing money wisely.
HIWAY FEDERAL CREDIT UNION
Honorable mention (Greater than $500 million asset category) Desjardins Adult Financial Education Award for its Learn@Work initiative that provides financial education for adults in a series of 24 workplace seminars. The goal of each 60-minute Learn@Work presentation is to provide information that leads to individuals taking action toward greater financial health.
“These Minnesota winners are prime examples of credit unions’ commitment to social responsibility and financial education,” said Minnesota Credit Union Network President & CEO Mark Cummins. “Minnesota credit unions are dedicated to helping their members and communities succeed.”
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.6 million members at 400+ branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit www.mncun.org.