Press


Generations Federal Credit Union Community Engagement Program #GFCUCares Celebrates the Big Impact of Mid-Sized Organizations

School Supply DriveSan Antonio, TX – Tuesday, January 21, 2020 – Generations Federal Credit Union (GFCU) President and CEO Ken Raymie today announced the positive impact of the 2019 #GFCUCares Community Engagement program.

“In 2019, #GFCUCares supported 34 non-profit groups in our footprint,” stated Raymie.  “We contributed over $132,000 in sponsorships and fundraising assistance to organizations that serve our first responders, public employees and community-serving organizations.  Our 200+ employees also contributed over 4,600 volunteer hours, adding an additional $116,978* investment into our local community. When adding in employee and member donations to school supply and toy drives and other initiatives, our total impact is well over $250,000.”

Raymie continued, “At Generations, we pride ourselves on being member owned, and community grown. Generations was founded 80 years ago to serve those serving our community, and we are honored to continue this legacy of service. I am so pleased that our employees and members have joined wholeheartedly in making that promise a reality. By showing up throughout the year for local organizations, our team demonstrates that mid-sized organizations can have a significant impact right here in the community we serve.”

* Independent Sector. (2020). Independent Sector Releases New Value of Volunteer Time of $25.43 Per Hour — Independent Sector. [online] Available at: https://independentsector.org/news-post/new-value-volunteer-time-2019.

 

About Generations Federal Credit Union

Generations Federal Credit Union (GFCU) was founded in 1940 to serve employees of the City of San Antonio, expanding to serve SA Fire Department and SA Police Department employees. GFCU now serves over 50,000 Consumer and Commercial members with multiple branch locations and virtual banking services, and holds $562 million in assets. Members enjoy competitive dividend and loan rates with low fees, and nationwide access through shared branching and electronic services. GFCU seeks to enhance the quality of life throughout its eight-county Field of Membership by promoting financial well-being, as well as through supporting and volunteering with community-serving organizations.

Membership is open to individuals who live, work, volunteer, worship, attend school, or own a business in Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and/or Wilson County, Texas.  Businesses of all sizes can join Generations for their business banking needs; and may offer Generations membership as a benefit to their staff.