The NC Credit Union League honored Allegacy Federal Credit Union for its community involvement efforts in 2011. Allegacy won honorable mentions in the statewide Dora Maxwell Social Responsibility Award and the Louise Herring Philosophy in Action Member Service Award categories. The credit union received its awards June 11 at a recognition banquet at the 77th Annual Meeting of the NC Credit Union League.
The annual Dora Maxwell Social Responsibility Award recognizes and promotes credit unions’ social responsibility efforts within the communities they serve. Allegacy won honorable mention in the over $1 billion asset category for its partnership with the Second Harvest Food Bank of NW NC.
With one in four NC children living in poverty, the credit union partnered with a local grocery store on a “Bag Childhood Hunger” campaign in order to collect food for the families of hungry children. Through these efforts hundreds of bags of food were collected, and the campaign also raised more than $2,300 to fight childhood hunger. Some 16,000 children in NW NC were fed through the support provided by the campaign Allegacy spearheaded.
The annual Louise A. Herring Philosophy in Action Member Service Award recognizes credit unions that, in day-to-day operations, demonstrate the credit union philosophy of “people helping people” in an extraordinary way. Credit unions compete by asset category, with Allegacy receiving honorable mention in the over $1 billion asset category.
Allegacy received the recognition for its continuing commitment to educating young people through its six high school credit union branches. These branches provide students with valuable workplace experience, plus educate the student body about savings, budgeting and finance.