TUCSON, Ariz.–During 2018, Tucson Federal Credit Union (TFCU) is reporting it “paid it forward” in its communities by giving $155,254 to nonprofit organizations and with employees logging 4,231 volunteer hours for 136 charitable causes. Making a difference in Tucson is one of many ways that TFCU is different, the credit union said.
TFCU said it made donations through the Community Partnership Awards, TFCU Gives, and the New Account Donation Program. TFCU is inviting all local nonprofits, whose missions transform lives, to apply for one of three donations totaling $45,000.
For the 2018 Community Partnership Awards, TFCU gave $25,000 to Emerge! Center Against Domestic Abuse, $10,000 to Integrative Touch for Kids, and $10,000 to the Southern Arizona Research, Science and Engineering Foundation. The credit union is in the process of selecting the 2019 winners for the 9thannual Community Partnership Awards.
TFCU Gives is an online application available year-round for requests such as fundraising event support. These donations added up to $62,740 in 2018. TFCU also makes a $3 donation for every new account it opened, amounting to $6,984 in 2018. New credit union members select from one of three core charities or a branch-specific charity to receive TFCU’s donation.
Finally, the credit union also reserves funds for nonprofits when they need it the most, such as the opening of a second Resource Center for the Arizona Oncology Foundation.
Since 2013, TFCU has tracked its volunteer efforts as a means of measuring their impact and to strive to do more each year. To maintain the importance of volunteerism, TFCU pays its employees for eight hours of volunteer time each year. In 2018, 99% of employees utilized at least two hours of their paid volunteer time and 47% used all eight. This year’s record-breaking 4,231 volunteer hours multiplied by each employees’ wage plus the company’s financial contributions amount to a staggering $319,827 value of community outreach.