EAST HARTFORD, Conn.–The Connecticut Humane Society, New Britain-based Literacy Volunteers of Central Connecticut, and Enfield Loaves & Fishes have been selected to share $28,548 in donations from American Eagle Financial Credit Union’s (AEFCU) Cash Back to the Community program.
This year’s second-quarter winners garnered most of the votes from the AEFCU’s quarterly giving program, with each awarded $9,486.
“American Eagle’s Cash Back to the Community directly connects our members and the public with our credit union’s philanthropic efforts and mission—and we’re thrilled to announce, congratulate and salute these three organizations who were the top vote-getters chosen by our members, neighbors and friends,” said President and CEO Howard Brady.
Since 2020, AEFCU said it has donated 1% of its credit and debit card interchange income—the fees paid for credit and debit card transactions—to three nonprofit and/or 501(c)(3) organizations each quarter through the Cash Back to the Community program. Funding for the program is generated each time its members use an American Eagle Financial Credit Union credit or debit card.
At the end of each quarter, 1% of the total interchange fees are distributed to the three top qualified nonprofits as voted on by a combination of the CU’s members and the public.
To date, Cash Back to the Community has generated $353,685 in donations.