"The credit union spirit of people-helping-people is something that continues to thrive even during tough financial times," said Stan Hollen, President/CEO of CO-OP Financial Services, and a member of the Children's Miracle Network's Board of Governors. "We are very proud to offer CO-OP Miracle Match on behalf of our member credit union unions and we're looking forward to working with industry partners to do even more in 2011 to help children."
Participating credit unions raised more than $2 million for Children's Miracle Network in 2010, with the total exceeding $3 million when combined with CO-OP Miracle Match funds. This represents an increase of $500,000 compared to the previous year. In addition, a total of 26 new events took place in 2010, a 30 percent increase compared to the 20 new events in 2009.
The Austin Chapter of Credit Unions raised the most money during two events it held in support of Dell Children's Medical Center of Central Texas. A golf tournament raised $212,395 and a raffle raised $150,000. St. Louis Community Credit Union raised $131,500 during a dance marathon to support St. Louis Children's Hospital. All three of these events received $25,000 in CO-OP Miracle Match funds to add to their charitable contributions.
During the 2009 program year, by comparison, the top fundraising credit union produced $45,000 in funds, added to which was $10,000 in CO-OP Miracle Match funds.
Other high-dollar events in 2010 included the Mountain America Credit Union (West Jordan, Utah) Swing for the Kids Golf Tournament that raised $100,000 plus $20,000 in CO-OP Miracle Match funds for Primary Children's Medical Center in Salt Lake City. In addition, a Bowl-A-Thon held by Randolph-Brooks FCU (Live Oak, Texas) raised $59,980 and received $11,996 in CO-OP Miracle Match funds to support CHRISTUS Santa Rosa Children's Hospital in San Antonio.
CO-OP Miracle Match is managed by CO-OP Financial Services on behalf of its 3,000 member credit unions. The program awards $1 million in matching funds annually for Credit Unions for Kids events, proceeds of which go to local children's hospitals in the Children's Miracle Network. The credit union industry is currently the third largest contributor to Children's Miracle Network.
Matching funds through this program are available now to credit unions planning events in 2011. To learn more, go to www.co-opfs.org/MiracleMatch or e-mail firstname.lastname@example.org.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. Nearing 30 years of credit union service, CO-OP connects credit union members to their accounts through network services, payment processing, e-commerce, shared branching and call center services. With a total of 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,000 shared branch locations and two billion annual transactions, CO-OP Financial Services is the nation's largest credit union service organization, offering the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org. Follow CO-OP on Twitter at: http://twitter.com/COOPFS and keep up with industry issues via the CO-OP Insight Vault blog at: http://co-opinsightvault.com.