Pennsylvania Credit Union Association

PA CU Foundation Reaches Three Million Dollar Threshold

8/16/2011
HARRISBURG – The charitable arm of the Pennsylvania Credit Union Association (PCUA), the Pennsylvania Credit Union Foundation (PACUF), has topped three million dollars in donations since its inception March 19, 1996. The Foundation was formed following the tragic Oklahoma City bombing where a credit union and its staff were devastated. 

“This wonderful milestone arrived very early on my watch,” said Ray Brunner PACUF Chairman and CEO of WEST-AIRCOMM FCU, Beaver, who took the reins in May. “Full credit goes to my predecessors Bob McCormack, Scranton Times Downtown FCU, Scranton; John Kebles, Choice One Community FCU, Wilkes-Barre; John Gulick, Central Valley FCU, Arnold; Bruce Foulke, American Heritage FCU, Philadelphia; Ron Lasich (deceased), Visionary FCU, Pittsburgh; Norb Kaczmarek, Erie FCU, Erie; and Diana Roberts, Hershey FCU, Hershey. The Foundation has always served as an instrument that helps the underserved both within and outside our movement,” says Brunner.

PACUF provides grants to promote financial literacy, including school branches and classroom instruction; small credit union development; and disaster relief efforts. Nearly $700,000 for 115 grants have been issued for financial literacy programs across the Commonwealth; more than $500,000 for 210 small credit union development activities; and more than $300,000 for 38 disaster relief efforts for hurricanes, tornados, fires, and earthquakes.

In recognizing the milestone, “I have always taken pride in the ability of our Foundation to serve the underserved both within and outside our movement,” said PCUA CEO and PACUF Ex Officio Jim McCormack. “For this reason, I consider it the best run credit union Foundation in the country. The many volunteers who have served on the Board - at large and ex officio - have devised a first class strategy resulting in the Foundation’s success throughout the past 15 years.”

Executive Director Joe Wambach credits the fundraising chairmen and Board members who have served over the past 15 years. “I attribute our fundraising success to the communication and people skills of fundraising Chairmen John Kebles; Bob Marquette, Members 1st FCU, Mechanicsburg; and Dave Ackerman, USX FCU, Pittsburgh, who have served in this challenging post over 15 years,” said Wambach. “All three certainly share my passion and intensity to raise funds. They have provided leadership and magnificent service during their years on the board. In addition, the caliber of grants approved by the entire Board has lent itself to the Foundation’s fundraising success.”

About Pennsylvania Credit Union Association:

Credit unions are financial cooperatives that provide affordable financial services to help their owner/members. The Harrisburg-based Pennsylvania Credit Union Association is a trade association that provides legislative, promotional, educational, and operational support for more than 400 credit unions in Pennsylvania. These credit unions have assets in excess of $35 billion and serve nearly 3.6 million members.  For additional information about credit unions or to find a credit union near you, visit www.ibelong.org.

About Pennsylvania Credit Union Foundation:
The Pennsylvania Credit Union Foundation was formed in 1996 to benefit consumers and credit unions. The Foundation is a non-profit, tax-exempt organization with a main purpose of providing individuals, credit unions and their communities with the human and financial resources to stimulate socio-economic growth.