SECU pledges $300,000 to the Global Foundation for Credit Unions to address global issues of inclusion, safety, gender and leadership

RALEIGH, NC—The State Employees’ Credit Union (SECU) announces its continued commitment to the Worldwide Foundation for Credit Unions (WFCU), the engagement and charitable arm of the World Council of Credit Unions, by donating $300,000 $ to the organization’s Global Bridges program. Aimed to inspire credit unions around the world to learn, share and solve pressing global issues, Global Bridges will use the funds to specifically address inclusion, safety, gender and leadership gaps in its credit unions members.

Since first working with WFCU in 2006, SECU has donated $895,000 to support global credit union development efforts. The funds have helped grow credit unions to more than 375 million members, a 118% increase since 2006. SECU’s latest pledge of an additional $300,000 will be made over the next three years, bringing the total collective at $1.2 million. The Global Bridges program is expected to reach one billion people worldwide.

“We are inspired by the work that WFCU has done since SECU’s funding began, and we are pleased to continue our support through Global Bridges,” said Jim Hayes, President and CEO of SECU. “Their mission to support credit unions around the world is invaluable. It complements SECU’s ongoing transformational work in North Carolina communities and reinforces our philosophy of People Helping People®.”

With funding and support from SECU, the Worldwide Foundation also hopes to galvanize support from American credit unions for its work toward its upcoming International Credit Union Day (ICU) EMPOWER campaign. The campaign runs from October 1-20, with the goal of raising $500,000 from credit unions across the country to expand credit unions around the world in conjunction with the CIP holiday on October 20.

“We are honored to have the nation’s second-largest credit union alongside us as global champions as we fight together to close the financial inequality gap at home and abroad through credit unions. “said WFCU Executive Director Mike Reuter. “Our work will bring financial inclusion to many people around the world who wake up every day without equitable and affordable access to financial services.”

About SECU and the SECU Foundation

A not-for-profit, member-owned financial cooperative, SECU has been providing North Carolina state employees and their families with consumer financial services for 85 years. SECU is the second largest credit union in the United States with $53 billion in assets and serves over 2.6 million members through 273 branches, over 1,100 ATMs, 24-hour member services , 7 days a week by telephone, www.ncsecu.org and a mobile application. The SECU Foundation, a 501(c)(3) charitable organization funded by contributions from SECU members, promotes local community development in North Carolina primarily through high-impact projects in the areas of housing, education, health care and social services. Since 2004, the SECU Foundation has made a collective financial commitment of more than $235 million to initiatives benefiting North Carolina residents across the state.

The Worldwide Foundation is the fundraising and engagement arm of the World Council. Join us on a global journey to transform a billion lives around the world using credit unions. Visit www.doglobalgood.org to start your journey today.

The World Council of Credit Unions is the global trade association and development platform for credit unions. The World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to affordable, high-quality financial services. The Global Council represents the interests of the global credit union system with international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen the financial performance of credit unions and increase their reach.

The World Council has implemented more than 300 technical assistance programs in 90 countries. Worldwide, 86,451 credit unions in 118 countries serve 375 million people. To learn more about the impact of the World Council around the world, visit www.woccu.org.

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