Credit Unions For Kids Estimates Credit Unions Raised 225000 Through Miracle Jeans Day
CREDIT UNIONS FOR KIDS ESTIMATES CREDIT UNIONS RAISED $225,000 THROUGH MIRACLE JEANS DAY
RANCHO CUCAMONGA, Calif. (October 18, 2012) - Credit Unions for Kids, the industry's fundraising vehicle benefitting Children's Miracle Network Hospitals, is projecting that credit unions will raise about $225,000 through their participation in September's Miracle Jeans Day.
Many of the participating credit unions applied for matching funds through the CO-OP Miracle Match program from CO-OP Financial Services, which could bring the credit union industry's total contribution to Miracle Jeans Day 2012 to a higher figure by year's end.
Credit unions continue to be the largest group supporting the initiative in the entire CMN Hospitals network of donors. In 2012, credit unions will account for about 30 percent of all funds raised through Miracle Jeans Day. The largest fundraising area is Los Angeles and Orange counties in Southern California, but all 50 states were represented among participating credit unions.
"America's credit unions once again lead the way with the largest percentage of participation among all CMN Hospitals corporate partners, helping to make Miracle Jean Day 2012 our most successful year yet," said Joe Dearborn, Senior Director, Credit Unions for Kids.
This is the fourth year that CMN Hospitals, the charity of choice of the credit union industry, has conducted Miracle Jeans Day. In 2012, 535 credit unions participated, up 269 percent compared to the 145 credit unions in 2009. The estimated $225,000 raised in 2012 is a 325 percent increase compared to the $53,000 raised in 2009. In four years, Miracle Jeans Day has raised $641,000 for CMN Hospitals.
The growth of the initiative charts as follows:
|
Charting the Growth of Credit Union Contributions to Miracle Jeans Day |
||
|
Year |
Number of credit unions participating |
Estimated funds Raised |
|
2009 |
145 |
$53,000 |
|
2010 |
165 |
$172,000 |
|
2011 |
351 |
$191,000 |
|
2012 |
535 |
$225,000 * |
|
Total funds Raised |
|
$641,000 |
|
* Credit unions are projected to raise between $200,000 - $250,000 in 2012 for Miracle Jeans Day. A final total will not be available until the end of the year when all institutional matching funds are submitted, including that of CO-OP Miracle Match from CO-OP Financial Services. |
||
"Nearly 200 more credit unions participated in Miracle Jeans Day in 2011 compared to 2010, and that total rose again in 2012 by nearly 200 institutions year-over-year," said Stan Hollen, President/CEO of CO-OP Financial Services, and a member of CMN Hospitals Board of Governors. "Our industry's commitment to people-helping-people is a true hallmark of the credit union movement."
Miracle Jeans Day 2012 was held Sept. 12, when credit union industry employees were encouraged to wear jeans - and wear stickers, buttons or lapel pins purchased at $5 to $20. The funds go to participating CMN Hospitals in the communities where the employees live.
For more information, visit www.co-opfs.org.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP
Financial Services is the industry leader in access and convenience
products for credit unions. CO-OP connects credit union members to
their accounts through network, payment processing, e-commerce,
shared branching and call center services. With more than 3,500
credit union members, 30 million cardholders, 30,000 surcharge-free
ATMs, 4,600 shared branching locations (plus 2,200 Vcom®
kiosks) and more than two billion annual transactions, CO-OP
Financial Services offers the tools, counsel and leadership to help
credit unions prosper. To learn more, visit www.co-opfs.org.
