TALLAHASSEE, Fla.--Affiliates Consolidated Services (ACS), a wholly owned subsidiary of the League of Southeastern Credit Unions, has approved a $675,000 value transfer to LSCU to fund strategic priorities to advance the operating environment for credit unions.
The organization said the amount brings the three-year total (2020-22) to more than $3 million in value transfers.
“We believe these resources will continue making a significant impact for our credit union community,” stated Patrick La Pine, CEO of LSCU & Affiliates. “With these funds, we will be able to continue to elect credit union champions and provide necessary resources to our smaller credit unions.”
Where Funds Will Go
At its Q1 meeting, the LSCU board approved the following value transfer items:
- $200,000 will go toward the National Advocacy Fund, which helps elect credit union-friendly candidates at the federal level in Alabama, Florida, and Georgia.
- $375,000will be used to support LSCU’s three State Political Action Committees (PAC). Through electing pro-credit union candidates, we are building our coalitions in the legislatures that supports and enhances the credit union industry.
- $100,000 will be allocated to LSCU’s Small Asset Size Credit Union Voucher Program, which will provide $1,000 worth of opportunities for credit unions under $50 million in assets to use toward any LSCU educational event or ACS/LEVERAGE product or service.
The League of Southeastern Credit Unions & Affiliates represents 302 credit unions throughout Alabama, Florida, and Georgia and has a combined total of more than $175 billion in assets and more than 11.6 million members.
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