Credit Unions Join Forces to Support Breast Cancer Awareness cause

Hopewell Federal and Cardinal Federal Support Volley for the Cure

Hopewell Federal Credit Union (HFCU) recently partnered with Cardinal Federal Credit Union (CFCU) to support Volley for the Cure.   Volley for the Cure is a volleyball match during regular season high school volleyball designated as a awareness and fundraising match.  Fundraising efforts support the Susan G. Komen for the Cure®.  HFCU and CFCU purchased Volley for the Cure t-shirts to assist in fundraising supporting this cause.

In an effort to further breast cancer awareness and the Volley for the Cure program, Hopewell Federal and Cardinal Federal wore Volley for the Cure shirts each Friday in October.  Credit Unions have long been known for being strong supporters of community initiatives and people helping people.   This initiative supports that mission and reminds people that early detection saves lives in the fight against breast cancer.

About Hopewell Federal Credit Union (HFCU):

Hopewell Federal Credit Union, one of the leading credit unions serving Licking County, is a not-for-profit financial cooperative that is owned by its members. They provide a full range of financial services including savings and checking accounts, loan products and business accounts.  HFCU operates with the mission of helping its members get ahead financially and serves anyone who lives, works or worships in Licking County.

About Cardinal Federal Credit Union (CFCU):

Cardinal Federal Credit Union serves school employees in Licking County.  In addition, they offer membership to all persons who live, work, worship, or attend school in Licking County, Ohio. Volunteers in Licking County and family members of current members can also join the Credit Union. CFCU offers its members checking, savings, low interest loans and a variety of convenience services.

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Celebrate International Credit Union Day: Local Beginnings Bring Global Change

The credit union idea arose centuries ago as people worked under a common effort without thought of profit – they put out fires, harvested crops, and avoided high-priced loans by lending to one another.

In the 1850s, hard times hit Germany, and people turned to each other for help. They removed small savings from under mattresses and made reasonably priced loans to one another, forming the original credit unions. In the 1920s, Edward Filene took cooperative finance to the next level in Boston, as a means of lifting working people out of debt and creating a better life.

On January 17, 1927, the Credit Union League of Massachusetts celebrated the first official credit union holiday. January 17th is the birthday of Benjamin Franklin, America’s “Apostle of Thrift,” who credit union founders believed to symbolize the purpose and spirit of credit unions. During this time, the credit union movement was new and spreading. People involved only began to recognize the celebration’s significance and were unable to devote the time required for sufficient planning. Credit Union Day quietly faded away.

The U.S. Credit Union National Association (CUNA) and CUNA Mutual Insurance Society initiated a new national Credit Union Day celebration in 1948. The third Thursday of October was set aside as the national day of observance. This occasion brought members together to promote the credit union philosophy nationally and reflect upon credit union achievements and history. Members raised funds for the movement and paid homage to loyal supporters and pioneers.

The World Council of Credit Unions (WOCCU), established in 1971, assists credit union movements and supports their development around the world. WOCCU observed the first International Credit Union (ICU) Day more than 30 years ago, and continues to endorse global celebrations. The credit union movement has grown to 188 million members in 100 countries. Celebrate the credit union difference during this year’s ICU Day – October 18, 2012.

Barbecue Tips for Independence Day

Try some great barbecue recipes this holiday  by learning about what the Top 500 restaurants are doing.

via Barbecue Tips for Independence Day.

Buy Local for Broad Impact

In communities across the U.S., the buy-local movement is gaining momentum among consumers. Advocates say buying local appeals to people who like to have control in their lives and to speak through their purchases. They’re changing their communities, a dollar at a time.

Studies show even small changes in shoppers’ habits can have a huge impact locally. For instance, a study conducted by Civic Economics in Grand Rapids, Mich., a few years ago showed shifting just 10% of shoppers’ spending from chains to locally owned businesses could create nearly $140 million in new economic activity and 1,600 new jobs for the area.

Locally owned businesses also boost local economies through what economists call the “multiplier effect.” A Civic Economics’ study of Chicago’s Andersonville neighborhood, for example, found that each $100 spent at local businesses generated an additional $68 worth of local economic activity, compared with just $43 for chain stores.

A local business owner spends more money locally, such as to hire graphic designers, accountants, printers, and other service providers. Those local businesses, in turn, spend money for other local goods and services. And the owners and employees of all these businesses spend part of their salaries on local businesses, as well. The effect ripples through the community.

A chain business, on the other hand, isn’t as likely to buy from local businesses but instead spends most of its money somewhere else, such as in some distant city where it has its headquarters.

This dynamic plays out at credit unions and national banks, too, says Steve Rick, senior economist for the Credit Union National Association, Madison, Wis. “When Bank of America makes a profit off  you, that money goes to New York City,” he says. “But your credit union’s earnings get reinvested into new branches and member services. That money stays in your community. And it comes back to you in better fees and higher interest rates on deposits. You’re bettering the community and also yourself.”

Hop on Over to Hopewell: Slide Show

Hop on Over to Hopewell: Slide Show.

HOPEWELL FEDERAL ANNOUNCES SCHOLARSHIP DEADLINE EXTENDED

$1000 to be awarded to Licking County High School Student

Hopewell Federal Credit Union (HFCU) announced that it will award a scholarship to a Licking County student pursuing secondary education. HFCU announced today that they have extended the deadline for students to March 31st, 2012. The winner of the HFCU scholarship will be awarded $1000 toward this goal. HFCU is celebrating its 50th anniversary and has invited students to reflect on the past as they look toward the future in their submission for this award.

Students will have two ways to enter for the HFCU $1000 Scholarship including Essay Entry or Video Entry. Students must submit entries to Beth Kelly at Hopewell Federal Credit Union, PO Box 2157, Heath, Ohio 43056 by 3.31.12. Hopewell Federal President and CEO, James G. Johnson said, “I am thrilled that we can offer this incredible opportunity to a Licking County student. I look forward to reviewing the submissions and think the new element of a video entry provides an interesting outlet for students to share their ideas.”

Step Up Your Savings During America Saves Week

Current economic events are making it harder to save, even for high-wage earners, self-employed professionals, and business owners just one paycheck away from disaster. Those who struggled to save before are finding it even harder now.

Join tens of thousands of other Americans during America Saves Week–February 19 through February 26, 2012–and step up your savings. America Saves is a nationwide campaign focusing on the way Americans save money. The program was created in 2001 by the Consumer Federation of America, Washington, D.C., in response to the nation’s negative personal savings rate.

America Saves Week encourages individuals to evaluate their savings progress and take action to save more.

No matter your financial situation or how much you earn, you can save. Even the smallest amount tucked away regularly will accumulate into a nice savings cushion.

Start now. Make the dream of saving a reality. Visit americasavesweek.org to find out how to join the campaign.