Maine CUs' Contribute Nearly $830,000 In Volunteer Time
April 14, 2016
With the celebration of National Volunteer Week (April 10-16), the Maine Credit Union League released its results for documented volunteer time contributed by Maine credit unions in 2015. Through its CUs' Share for ME Volunteer program, the League is pleased to report that Maine credit unions collectively volunteered a total of 40,085 hours for community organizations, activities and events during the past year, the second highest documented total in the 14-year history of the program.
Based on the value of a volunteer hour, as calculated by the Points of Light Foundation, that represents nearly $830,000 in time contributed by Maine credit unions to volunteering in 2015. Jon Paradise, Vice President of Governmental & Public Affairs for the Maine Credit Union League, called the total "representative of the commitment and contributions that Maine credit unions do for communities across Maine. The credit union philosophy of 'people helping people' is alive and well, not only when it comes to financial services but for community-service, as well. It reinforces the fact that credit unions and their employees are not just in a community but part of it."
In 2015, close to three-quarters of the state's credit unions participated in the CUs' Share for ME program, and the collective total represents a 5% increase in volunteer time contributed over the previous year. In year-end totals, Maine credit unions averaged 3,340 volunteer hours contributed each month, with an average of 344 employees and volunteers donating their time for a cause each month.
The top 5 credit unions in total volunteer hours contributed in 2015 are: University CU; Saco Valley CU; Rainbow FCU; Five County CU; and York County FCU. The top 5 credit unions in terms of the average percentage of staff and volunteers participating each month are: Casco FCU; University CU; Capital Area FCU; KV FCU; and New Dimensions FCU