American Eagle Financial Credit Union Announces Nominations Open for Third Quarter of Cash Back to the Community Program
American Eagle Financial Credit Union invites its members and the general public to nominate qualified, local nonprofit organizations to be considered for its participatory funding program, Cash Back to the Community.
Third quarter nominations for Cash Back to the Community runs from July 27- August 16, 2020, at americaneagle.org/cashbacktothecommunity. An organization only needs to be nominated once to be considered for the third quarter ballot. Voting to decide the top three qualified nonprofit organizations takes place from September 7-20, 2020. The three recipients that receive the most votes will be announced by early October.
American Eagle’s Cash Back to the Community donates 1% of its credit and debit card interchange income in each quarter to three nonprofit and/or 501(c)(3) organizations that receive the most votes from its members and the public.
“Cash Back to the Community is a wonderful and effective way for our members and the general public to play an active role in our philanthropy efforts throughout Connecticut,” said Dean Marchessault, president and chief executive officer of American Eagle Financial Credit Union. “And, people have really taken to the program. Last quarter, over 240 organizations were nominated and 4,447 total votes were cast as we gave away nearly $20,000 to three worthy nonprofit organizations.”
Funding for Cash Back to the Community is generated each time its members use an American Eagle Financial Credit Union credit or debit card. At the end of each quarter, one percent of the total interchange income – the fee paid for credit and debit card transactions – will be distributed to the three top qualified nonprofits.
Thus far in 2020, American Eagle has donated $40,266 among six nonprofits through the Cash Back to the Community program.
Established in 1935, American Eagle Financial Credit Union (AEFCU) is a full-service credit union offering checking and savings accounts, credit cards, auto loans, mortgages, business accounts and more. American Eagle offers banking online, through its mobile app, or at one of its 15 branches located in Connecticut. AEFCU has more than 155,000 members, over
$2 billion in assets, and offers banking services to anyone who lives, works, attends school, or worships in Hartford, Middlesex, Tolland, and New Haven County in Connecticut, and Hampden County in Massachusetts. For more information about American Eagle Financial Credit Union, visit www.americaneagle.org.