CHICAGO, IL (December 3, 2024) |
In honor of Giving Tuesday tomorrow, the GLCU Foundation for Financial Empowerment, the charitable and volunteer arm of Great Lakes Credit Union, is encouraging local communities to help reach its $10,000 fundraising goal. These donations will allow the GLCU Foundation to affect positive change in Chicagoland communities, financially empowering everyone, regardless of socioeconomic status and making a tangible difference.
The GLCU Foundation embodies the credit union philosophy of “people helping people” as evidenced by the valuable financial resources, education, and tools the organization provides to individuals in local communities who are working to secure their financial futures.
From volunteering at local food pantries and facilitating youth financial education events, to hosting financial workshops and providing educational scholarships, the GLCU Foundation is committed to building the financial well-being of community members, employees, and local communities.
Given Illinois' high rate of foreclosure filings, the GLCU Foundation's housing and financial counseling services are in high demand. Great Lakes Credit Union is one of only a handful of credit unions in the nation to have HUD-certified counselors and has been supporting community members free of charge by providing resources, tools, and education related to foreclosure to ensure housing stability.
Click here for an in-depth look at the meaningful impact GLCU Foundation’s Senior Housing and Financial Counselor Wilane Boone had recently with a Chicago resident faced with losing his home due to predatory lending practices.
When community members donate to the GLCU Foundation, they are helping someone in need this holiday season. Every dollar makes an impact:
- $25 = One household consumer credit report analyzed by a HUD-certified counselor
- $50 = Group education session for one community partner on topics such as renters’ rights or dealing with debt
- $100 = Application assistance for emergency programs such as Court-Based Rental Assistance
- $150 = Time needed to help a consumer apply for mortgage assistance
- $250 = Supports one-on-one pre-purchase homeownership counseling for one household
- $500 = Supports a first-time homebuyer seminar for 10 attendees
“The GLCU Foundation for Financial Empowerment is grateful that you will join our journey to impact families and young people in our community throughout Chicagoland,” said Matthew Rizzie, Executive Director of the GLCU Foundation. “Your generous donations enable us to provide education, counseling, and scholarships that help resolve financial and housing challenges, send young people to college or trade school, and give back to local food banks to ensure children do not go hungry.”
Click here to donate to the GLCU Foundation’s Giving Tuesday campaign.
About GLCU
Founded in 1938 and headquartered in Northern Illinois, Great Lakes Credit Union is banking for a greater good. As a not-for-profit financial cooperative with more than $1.6 billion in assets, GLCU is proud to serve 95,000 members in Chicagoland and surrounding areas, and to give back to its members and communities through education, volunteerism, and partnerships. Learn more about GLCU’s accounts, educational initiatives, and community development programs at www.glcu.org.