Credit Union Charitable Fund
Doing Good, Made Simple.
Cultivated for credit unions in Alabama, Florida, Georgia, and Virginia, the Credit Union Charitable Fund provides your credit union with a dedicated, named charitable account. You determine giving priorities, while we oversee charity reviews, grant processing, and reporting. This approach allows your credit union to build steady giving and maintain local recognition, without adding administrative burden or overhead.
Why Credit Unions Should Participate
- Maintain Strategic Control: Your credit union directs where dollars go; we manage the execution.
- Reduce Administrative Burden: Our team handles paperwork, charity reviews, and compliance reporting.
- Demonstrate Measurable Impact: Receive quarterly updates and an annual year-end summary to share with your board and membership.
How It Works
- Fund Your Charitable Account: Open with an initial contribution of $10,000.
- Foundation Oversight: We manage investing, vetting, and grant processing on your behalf.
- Recommend and Review Grants: You recommend grants, and we provide quarterly updates along with a year-end review.
FAQs
1. Will this create additional work for the credit union staff?
No. Your team sets the charitable direction; we manage the back end.
2. What about fees and minimums?
One-time setup fee: $150
Quarterly fee: 0.75% of account balance
Grant fee: $25 per grant
These fees cover investment oversight, charity vetting, grant processing, and reporting. Your initial funding level will be confirmed during onboarding.
For more information, please contact Lisa Jarvis, Programs and Engagement Manager.
