TruStage™ to make $1 million direct cash contribution to African-American Credit Union Coalition’s (AACUC) Future Fund
Charitable Donation Account (CDA) for AACUC’s commitment to change initiative also established by TruStage
MADISON, WI (September 18, 2024) — Today, TruStageTM announced it is making a $1 million direct cash contribution to the African-American Credit Union Coalition’s (AACUC) Future Fund. The contribution will be paid out over three years. The Future Fund is a transformative new funding source for AACUC, created to ensure the long-term strength and sustainability of the organization regardless of economic downturns and socio-political headwinds. This contribution aligns with TruStage’s commitment to create a more inclusive financial ecosystem and help build a more diverse workforce that reflects current and prospective customers.
“TruStage is committed to making a brighter financial future accessible to everyone,” said TruStage President and CEO, Terrance Williams. “The work AACUC does is critical to making that mission a reality in an increasingly diverse country. We’re proud to partner with them and help more credit unions serve more members.”
“The TruStage $1 million direct cash donation and other significant programmatic support is being recognized as the very first Legacy Corporate Partnership, explained Renée Sattiewhite, AACUC President and CEO. “This partnership signifies and strengthens the commitment, dedication and thought leadership I have credited to TruStage (formerly CUNA Mutual Group) for the last decade.”
In addition to the $1 million contribution, TruStage has established the Commitment to Change directed Charitable Donation Account (CDA), which is dedicated to this AACUC initiative. A CDA is a customizable solution that helps credit unions give funds to qualified charities, while expanding their investment options.
These contributions will support AACUC programming focused on:
- Internships and Leadership Development: Building a succession pipeline for the credit union system and securing the safety and legacy of the people helping people philosophy.
- Long-Term Small Credit Union Sustainability: Ensuring the viability and vibrancy of the credit unions that are at greatest risk of mergers, acquisition and member attrition.
- Wealth Building and Community Impact Programs: Supporting credit unions and community-based organizations on initiatives that improve financial access, inclusion and well-being for communities of color.
For more information on the Commitment to Change directed CDA you can click here.
About AACUC
The African-American Credit Union Coalition (AACUC) was created to increase the strength of the global credit union community. We are a 501c3 non-profit organization of diverse, multicultural professionals and volunteers in the credit union industry. AACUC is an award-winning organization shaping diversity, equity, and inclusion in the credit union movement. AACUC is considered a leader in the credit union industry, adopting the 8th Cooperative Principle of Diversity, Equity and Inclusion and providing knowledge of how credit unions can become more diverse and inclusive. The National Credit Union Foundation Board of Directors awarded AACUC the 2022 Anchor Award, a rare and prestigious honor that stands apart from the Herb Wegner Memorial Awards, which is given to individuals and organizations that have shown incredible leadership and anchored the credit union industry through moments of great adversity.
About TruStage
TruStageTM is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit www.trustage.com.
TruStage™ is the marketing name for TruStage Financial Group, Inc., its subsidiaries, and affiliates. Certain brokered insurance products from various insurers may be offered through CUNA Mutual Insurance Agency, a subsidiary of TruStage Financial Group. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. For more information, contact your Executive Benefits Specialist at 800.356.2644
