Neighbors FCU Provided $524,165 of Community Impact in 2019
In 2019, Neighbors Federal Credit Union contributed an estimated value of $524,165 of community impact to charitable causes supporting the Greater Baton Rouge community in the form of cash donations, sponsorships, employee community service hours and goods donated by NFCU members and employees.
The contributions break down into the following areas of need:
Community involvement is a core value of Neighbors FCU. The credit union believes its role is to improve and empower the communities it serves. Neighbors FCU started as Baton Rouge Teachers FCU, so investing in education is one of its founding principles and continues to be a priority for the credit union.
Thus, education is the credit union’s largest area of impact. Neighbors FCU estimates contributing a total value of $210,677 toward education, which includes $30,000 in scholarships from the Neighbors Way Tuition Assistance Award, $61,183 given to local high schools from the Mascot Checking Program, and the rest through various sponsorships and volunteer opportunities.
The largest individual contributions include:
|Financial Wellness Courses and Curriculum||$ 117,159|
|Neighbors Way Scholarships||$ 30,000|
|Mascot Debit Card Cash Back to Schools||$ 61,183|
|Neighbors Day||$ 28,137|
|Pat’s Coats For Kids Partnership||$ 25,424|
Volunteer service was a major component of NFCU’s community impact. Neighbors FCU felt a hands-on approach to community involvement was a great way to show support. Neighbors Day was the most substantial community service event in which the entire staff volunteered nearly 1,000 hours of community service.
Volunteer hours are valued at $24.69 according to the Independent Sector, which was used to determine the monetary value of NFCU’s community service work. The total value of community impact includes the volunteer value of two full-time employees who work exclusively in community involvement.
These contributions were orchestrated in conjunction with the Neighbors Capital Area Foundation.
“At Neighbors, we are committed to improving the community we all call “home,” Neighbors President and CEO Steve Webb said. “I am so blessed to be able to lead this organization and am proud of the positive impact that we have on the Greater Baton Rouge Community.”
“We look forward to continuing these efforts in the years to come, to support the people that have supported us for the past 65 years.”