TALLAHASSEE, Fla.–Affiliates Consolidated Services (ACS), the wholly-owned holding company of the League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates), reported it has made a $860,511 “value transfer to fund strategic priorities aimed at advancing the operating environment for credit unions.”
"We're proud to continue our tradition of investing in the success of credit unions across Alabama, Florida, and Georgia," Patrick La Pine, CEO of LSCU & Affiliates, said in a statement. "This dedication underscores our ongoing commitment to empowering the credit union community, furthering our advocacy efforts, and providing the support and resources needed to preserve and enhance small credit unions."
The Individual Transfers
In combination with a $551,074 "re-allocation value transfer" approved at its Q4 meeting, LSCU & Affiliates said it approved an additional $309,437 value transfer at its 2024 Q1 meeting for a total of $860,511, including:
- $423,937 to be allocated to the Southeastern Advocacy Fund, which was established to provide education about specific credit union issues to the general public and to elected officials.
- $201,074 for the National Advocacy Fund, which helps elect credit union-friendly candidates at the federal level in Alabama, Florida, and Georgia and supports various advocacy initiatives.
- $150,000 to support LSCU’s three State Political Action Committees (PAC). By electing pro-credit union candidates, we are building coalitions in our state legislatures that support and enhance the credit union industry.
- $85,500 allocated to LSCU’s Small Asset Size Credit Union Voucher Program, providing $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.
‘Honored to Contribute’
“ACS is honored to be able to regularly contribute to these programs to further support the credit union movement,” said Steve Willis, president of ACS. “We understand how important it is to work together in advancing priorities critical to the health and growth of our members and client credit unions, and we’re grateful for the opportunity to continue these strategic investments.”
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