EAST HARTFORD, CONN. – American Eagle Financial Credit Union (AEFCU) has announced the recipients of nearly $22,100 in donations from its participatory funding program, Cash Back to the Community.
Nonprofit organizations Enfield Community Cat Project of Enfield, Transitional Learning Center Foundation of Manchester, and Roaring Brook Nature Center of Canton each received a donation of $7,359 for earning the most votes in AEFCU’s third quarter Cash Back to the Community program.
More than 150 organizations were nominated and 3,418 total votes cast from AEFCU members and the general public for this quarterly giving philanthropic effort.
Throughout 2020, AEFCU is donating 1% of its credit and debit card interchange income to three nonprofit and/or 501(c)(3) organizations each quarter through the Cash Back to the Community program. Funding for the program 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 is being distributed to the three top qualified nonprofits as voted on by a combination of the credit union’s members and the public.
Through the first three quarters of 2020, AEFCU’s Cash Back to the Community program has provided $62,344 to nonprofits in its service area.
“Cash Back to the Community is an effective way to invite our members and public to play an active role in our philanthropic efforts,” said Dean Marchessault, president and CEO of American Eagle Financial Credit Union. “As Connecticut’s largest community-focused credit union, we are always concentrated on making the places where we live and work better, and Cash Back to the Community is an effective program to honor those nonprofit organizations making a difference.”
Among the organizations receiving funds:
- Enfield Community Cat Project
- TLC Foundation, Inc.
- Roaring Brook Nature Center