TruStage to make $1 million direct cash contribution to African-American Credit Union Coalition’s (AACUC) Future Fund
Charitable Donation Account (CDA) for AACUC’s Commitment to Change initiative also established by TruStage
Today, TruStageTM announced it is making a $1 million direct cash contribution to the African-American Credit Union Coalition’s (AACUC) Future Fund. The contribution will be paid out over three years. The Future Fund is a transformative new funding source for AACUC, created to ensure the long-term strength and sustainability of the organization regardless of economic downturns and socio-political headwinds. This contribution aligns with TruStage’s commitment to create a more inclusive financial ecosystem and help build a more diverse workforce that reflects current and prospective customers.
“TruStage is committed to making a brighter financial future accessible to everyone,” said TruStage President and CEO, Terrance Williams. “The work AACUC does is critical to making that mission a reality in an increasingly diverse country. We're proud to partner with them and help more credit unions serve more members.”
“The TruStage $1 million direct cash donation and other significant programmatic support is being recognized as the very first Legacy Corporate Partnership, explained Renée Sattiewhite, AACUC President and CEO. “This partnership signifies and strengthens the commitment, dedication and thought leadership I have credited to TruStage (formerly CUNA Mutual Group) for the last decade.”
In addition to the $1 million contribution, TruStage has established the Commitment to Change directed Charitable Donation Account (CDA), which is dedicated to this AACUC initiative. A CDA is a customizable solution that helps credit unions give funds to qualified charities, while expanding their investment options.
These contributions will support AACUC programming focused on:
Internships and Leadership Development: Building a succession pipeline for the credit union system and securing the safety and legacy of the people helping people philosophy.
Long-Term Small Credit Union Sustainability: Ensuring the viability and vibrancy of the credit unions that are at greatest risk of mergers, acquisition and member attrition.
Wealth Building and Community Impact Programs: Supporting credit unions and community-based organizations on initiatives that improve financial access, inclusion and well-being for communities of color.
For more information on the Commitment to Change directed CDA you can click here.