American Eagle Financial Credit Union Announces Nominations Open for Fourth Quarter of Cash Back to the Community Program
American Eagle Financial Credit Union invites its members and the general public to nominate qualified, local nonprofit organizations to be considered for its participatory funding program, Cash Back to the Community.
Fourth quarter nominations for Cash Back to the Community runs from October 26 – November 15, 2020, at americaneagle.org/cashbacktothecommunity. An organization only needs to be nominated once to be considered for the fourth quarter ballot. Voting to decide the top three qualified nonprofit organizations takes place from December 7-20, 2020. The three recipients that receive the most votes will be announced by early January 2021.
American Eagle’s Cash Back to the Community donates 1% of its credit and debit card interchange income in each quarter to three nonprofit and/or 501(c)(3) organizations that receive the most votes from its members and the public.
“Cash Back to the Community has been a wonderful and effective way for our members and the general public to play an active role in our philanthropy efforts throughout Connecticut,” said Dean Marchessault, president and chief executive officer of American Eagle Financial Credit Union. “And, the response proves it. Last quarter, over 150 organizations were nominated and 3,418 total votes were cast as we gave away nearly $22,100 to three worthy nonprofit organizations.”
Funding for Cash Back to the Community 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 – the fee paid for credit and debit card transactions – will be distributed to the three top qualified nonprofits.
Nominations and voting for Cash Back to the Community will be conducted via American Eagle’s website or social media sites, including Facebook, Twitter, Instagram and LinkedIn.
Thus far in 2020, American Eagle has donated $62,344 among nine nonprofits through the Cash Back to the Community program.
Established in 1935, American Eagle Financial Credit Union (AEFCU) is a full-service credit union offering checking and savings accounts, credit cards, auto loans, mortgages, business accounts and more. American Eagle offers banking online, through its mobile app, or at one of its 15 branches located in Connecticut. AEFCU has more than 155,000 members, over
$2 billion in assets, and offers banking services to anyone who lives, works, attends school, or worships in Hartford, Middlesex, Tolland, and New Haven County in Connecticut, and Hampden County in Massachusetts. For more information about American Eagle Financial Credit Union, visit www.americaneagle.org.