SECU donates US$ 300,000 to WFCU for global program
The Global Bridges program is expected to impact one billion people around the world.
RALEIGH, N.C. -State Employees’ Credit Union [ SECU ] announces its continued commitment to Worldwide Foundation for Credit Unions [WFCU], the engagement and charitable arm of the World Council of Credit Unions, by committing US$ 300,000 to the organization’s Global Bridges program.
Aimed at engaging credit unions across the globe to learn, share and solve pressing global issues, Global Bridges will use the funds to specifically address gaps in inclusion, safety, gender, and leadership in its member credit unions.
Since first collaborating with WFCU in 2006, SECU has contributed US$ 895,000 in support of global efforts for credit union development. The funds have helped grow credit unions to more than 375 million members, an increase of 118 percent since 2006. SECU’s latest pledge of an additional US$ 300,000 will be over the next three years, bringing the collective total to US$ 1.2 million. The Global Bridges program is expected to impact one billion people around the world.
“We are inspired by the work that has been accomplished by WFCU since SECU’s funding first began, and we are pleased to continue our support through Global Bridges,” said Jim Hayes, SECU president and CEO. “Their mission to support credit unions worldwide is invaluable. It complements SECU’s ongoing transformational work in communities across North Carolina, and it furthers our philosophy of People Helping People®.”
Through funding and support from SECU, Worldwide Foundation also hopes to galvanize U.S. credit union support for its work toward its upcoming International Credit Union Day [ICU] EMPOWER Campaign. The campaign runs from October 1-20, with a goal of raising US$ 500,000 from credit unions across the country toward expanding credit unions worldwide in conjunction with the ICU holiday on October 20.
“We are honored to have the nation’s second largest credit union by our side as a global champion as we together fight to bridge the gap of financial inequality at home and abroad through credit unions,” said Mike Reuter, WFCU Executive Director. “Our work will bring financial inclusion to many people worldwide who wake up every day without fair and affordable access to financial services.”
A not-for-profit financial cooperative owned by its members, SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 85 years. SECU is the second largest credit union in the United States with $53 billion in assets and serves over 2.6 million members through 273 branch offices, over 1,100 ATMs, 24/7 Member Services via phone, www.ncsecu.org and a Mobile App
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