Alliant Credit Union Forms Charitable Foundation
July 01, 2009 | Alliant Credit Union
CHICAGO, IL (July, 2009)- Alliant Credit Union, among America's largest credit unions with over $6.4 billion in assets and more than 250,000 members nationwide, recently established the Alliant Credit Union Foundation, announced David W. Mooney, President & CEO of the credit union and President of the Alliant Credit Union Foundation. The foundation is registered as a 501c3 not-for-profit corporation.
Mr. Mooney said, "The purpose of the foundation is to promote economic empowerment and self-sufficiency of people, especially in the communities in which Alliant Credit Union members and employees live and work." He added that specific types of support provided by the foundation will include: Education - helping to raise the level of financial literacy of young people and adults; Service - donating time, energy and resources that improve conditions for those in need; Grants - improving the lives of people through financial support; Investments - providing community development investment dollars for projects and programs aligned with our mission.
"Contributions and support will go only to worthy causes, serving large segments of the communities we serve in non-controversial ways", mentioned Mooney.
The Alliant Credit Union Foundation is a four million dollar charitable organization funded by Alliant Credit Union, according to Mr. Mooney. The foundation provides charitable contributions on behalf of the credit union's civic affairs initiatives and the Operation HOPE financial literacy program. The foundation will make additional educational, community development and other civic-minded investments and donations. "Funding the foundation will not affect the dividends we pay on our members' deposit accounts, or the amounts and rates for loans that we offer," Mooney added.
"We look forward to making contributions and providing support to charitable organizations and other causes that help enhance the quality of life in communities we serve, and to encourage other businesses and organizations to do the same," said Mooney.
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