Welcome as a new member to the Carolinas Credit Union Foundation’s Friend of the Foundation membership newsletter! These newsletters will provide you with details on member benefits and opportunities available from the Foundation, our partners and community non-profits in the Carolinas.
The Carolinas Credit Union Foundation has served as the philanthropic partner to credit unions in North and South Carolina for nearly 30 years and is dedicated to the “people helping people” philosophy of credit unions. Our mission is to empower and inspire credit unions in the Carolinas to better our communities. Thanks for your support as a Friend of the Foundation!
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Credit unions in the Carolinas provide $6.4 million in scholarships & career prep! |
Nearly 2,600 residents in North and South Carolina are sharing $6.4 million in financial help for next-level knowledge and job skills through scholarships provided by the states’ not-for-profit credit unions. More details here.
As part of that figure, the Carolinas Foundation recently distributed $509,200 for 261 students heading into the fall semester. The Foundation's services for credit unions includes managing scholarship programs, which allows ANY member of a Carolina-based credit union to apply and receive scholarships.
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Free Webinars with Balance |
Your Friend of the Foundation membership comes with access to education resources including those from Balance, a national non-profit committed to helping individuals achieve financial independence. Balance offers free webinars packed with useful information - just make sure to reserve your virtual seat!
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August Webinar: RAISING A MONEY SMART KID |
Earning money, spending and saving are important lessons children learn very early on in life. This session will help guide parents on effective ways to educate children about financial responsibility that can last a lifetime.
Session 1: Tuesday, August 9, 2022
Time: 1:30 p.m. - 2:30 p.m. (EST)
Session 2: Thursday, August 18, 2022
Time: 8:30 p.m. - 9:30 p.m. (EST)

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September Webinar: PERSONAL FINANCE FOR STUDENTS |
College education is a prime time for young adults to learn about finances and plan for their future. Attendees will learn about credit (how to use it wisely), tools to develop a positive credit history and score, create and manage their own budget, ways to track spending, and options for student loan repayment.
Session 1: Tuesday, September 13, 2022
Time: 1:30 p.m. - 2:30 p.m. (EST)
Session 2: Thursday, September 22, 2022
Time: 8:30 p.m. - 9:30 p.m. (EST)
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Free Financial Counseling with GreenPath |
Addtitionally, your Foundation membership comes with access to free financial counseling from our partner GreenPath.
GreenPath is a national non-profit committed to improving people’s quality of life through financial wellness. From assisting with your budget to helping you understand your credit score, to answering questions about student loans, GreenPath can help! For information or to schedule a free session today, please call 877-290-3374 or visit www.greenpathref.com.
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Community Connection:
Victory Junction
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The Foundation serves as a founding partner to Victory Junction, a year-round camping facility, located in Randleman, NC, for children with chronic medical conditions or serious illnesses. Every child attending camp is provided with life-changing camp experiences that are exciting, fun and empowering; all in a medically-safe environment at no cost to the camper or their family.
Over the last 18 years, more than $5 million has been raised by credit unions in the Carolinas to support its camp and outreach programs. Our largest fundraiser each year for Victory Junction is our Carolinas Cup golf tournment for credit union professionals. Last year's Carolinas Cup proceeds exceeeded $100,000 providing a full weekend of camp fun to families with autistic children.
If you know someone who may want to attend Victory Junction as a camper or for a family weekend, please visit their Camper Zone page.
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6.2 million citizens of our fair states shared an estimated $467 million in credit union benefits |
North & South Carolina credit unions provide citizens the best value for personal financial services according to Credit Union National Association Economics and Statistics, delivering $467 million in benefits among 6.2 million members during the twelve months ending September 2021.
Among the not-for-profit cooperatives, a 60-month new car loan rate averaged 3.04%, compared to 4.48% at a NC bank. In SC, a 60-month new car loan rate averaged 2.75%, compared to 4.07% at a SC bank. In that case, a borrower would save $195 in annual interest when financing a new, $25,000 automobile through a NC credit union—or $975 over the life of the loan. In SC, a borrower would save $177 in interest annually when financing a $25,000 new vehicle through a SC credit union—or $885 over the life of the loan.
Average mortgage closing costs in NC & SC were $210 less through credit unions than through banks, and credit card late fees averaged nearly $10 less at credit unions.
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Contact the Foundation:
Lauren Whaley, President | 919-600-8219 | E-mail |
Jeff Hardin, Director of Collaborative Programs | 336-601-1764 | E-mail |
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The Carolinas Credit Union Foundation was incorporated in 1993 as a charitable organization dedicated to the embodiment of the “people helping people” philosophy of credit unions. Its mission is to empower and inspire credit unions in the Carolinas through collaborative opportunities to better our communities. The Foundation serves as a founding partner to Victory Junction, a year-round camping facility, located in Randleman, NC, for children with chronic medical conditions or serious illnesses. Over the last 18 years, more than $5 million has been raised by credit unions in the Carolinas to support its camp and outreach programs. The Foundation also serves as a partner in philanthropy with credit unions, assisting charitable giving through donor-advised funds, managing scholarship programs, supporting small credit unions with professional development grants, and aiding disaster relief for the local, national, and global credit union communities.
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