Several Michigan credit unions have been recognized by the Credit Union National Association as some of the best in the nation for their commitment to community involvement.
Communicating Arts Credit Union of Detroit was awarded 1st place in its asset size for the Louise Herring Philosophy in Action Award, while Public Service CU of Romulus received an Honorable Mention in its division. The Herring award is given to credit unions demonstrating the internal application of credit union philosophy to help better financial matters and increase financial education for members.
In its entry, Communicating Arts CU highlighted the work it has done to bring financial resources and services to the often neglected communities of Highland Park and Detroit’s lower east side. That includes opening a branch in one of the most poverty and crime-ridden neighborhoods in the country; a branch which CEO Hank Hubbard said now includes his CU’s most active ATM.
Public Service CU was honored for its work providing seminars such as “Building a Better Credit Report,” which targeted members who attend the Wayne County Community College District, many of whom are older, nontraditional students facing financial challenges. According to Vice President of Operations Linda Wallace, 73 people attended the seminar, which was held on campus in an effort to bring the information right to the target population.
Public Service CU received a second national honor, with an honorable mention in its asset size for the Desjardins Award. This award is named for Alphonse Desjardins, the founder of the North American credit union movement, and honors credit unions for their commitment to youth and adult financial literacy.
Elga CU of Burton tied for 2nd place in this year’s Dora Maxwell Social Responsibility Community Service award, which recognizes a credit union for its social responsibility work and charitable projects that support its community. Among its many service projects, the credit union helped makeover and transform an abandoned home into a transitional shelter for homeless women and shelter.
"The winners of these awards embody the philosophy and ideals of our industry,” said David Adams, CEO of MCUL & Affiliates. “Commitment to community involvement and member financial education are at the core of credit union success. It's no wonder so many consumers are turning to credit unions these days, which are guided by a goal of service to their communities.”
All of this year’s winning entries will be on display at CUNA’s 2012 GAC, March 18-22, 2012, in Washington. The winners will be recognized during a March 21 reception at the conference.
About the Michigan Credit Union League & Affiliates
Organized in 1934, the Michigan Credit Union League is a trade association representing 318 credit unions statewide. Based in Lansing, the MCUL offers credit unions assistance in the areas of regulatory compliance, legislative advocacy, media advocacy and operational information. For more information, visit www.mcul.org and follow us on Twitter at www.twitter.com/MICreditUnions.