RAPID CITY, S.D.–During the Dakota Credit Union Association (DakCU) awards banquet, two Dakota credit unions were recognized for their outstanding social impact achievements.
“While many people were suffering during the pandemic, credit unions stepped up in a very big way,” the association said. “In 2021, credit unions across the country reported more than $54 million in donations to charitable causes, community organizations, essential workers, and hospitals through the CUSocialGood platform, along with over 10,000 volunteer hours.”
In the northern plains, North Dakota credit unions contributed over $163,000 in direct community impact, while South Dakota logged over $830,000 in community impact. The CUSocialGood Award recognizes one credit union in each asset category that has positively affected the community and the Dakota credit union movement.
This year’s winners are:
- Norstar Federal Credit Union, Britton, S.D. – $26M to $125M in assets. In 2021, Norstar made charitable contributions exceeding $115,000 to its community, and Norstar staff logged over 300 hours of volunteer time. In addition, the credit union was able to pay out a record $150,000 in dividends to members.
- Capital Credit Union, Bismarck, N.D. Over $126M in Assets. Capital CU was recognized for its “Step Forward Volunteer Program” which facilitates employee involvement by rewarding employees for meaningful participation in community events. The qualifying events are selected based on the credit unions core values of vision, integrity, caring and knowledge, as well as financial education. In 2021, Capital CU employees participated in 31 events in the six communities they serve, logging over 1,000 volunteer hours.