AAACU wins state award for youth program
The Alpena Alcona Area Credit Union is the Michigan state-level winner of the Louise Herring Philosophy-in-Action Member Service Award. The award was announced recently by the Credit Union National Association and the Michigan Credit Union Leaguet.
CUNA’s Louise Herring Philosophy-in-Action Member Service Award is given to a credit union for its practical application of credit union philosophy within the actual operation of the credit union. It is awarded for internal programs and services that benefit the credit union’s members.
AAACU’s award-winning program focused on its newly developed youth development loan program. The lending program provides interest-free loans to youth involved in 4-H and FFA to complete projects teaching them valuable life skills. The students must complete an application, create a business plan detailing the time frame of completion, what skills they are hoping to learn, and their plans for any profit from their project.
As a state-level CUNA Award winner, Alpena Alcona Area Credit Union will go on to compete against other state league winners for a CUNA National Award. CUNA National Award winners will be
announced at the CUNA Governmental Affairs Conference in February 2018.
“Part of the credit union social mission is to give back to people and communities in imaginative and generous ways,” MCUL CEO Dave Adams said. “Yet, after all these years, it still never fails to amaze just how much imagination and generosity comes out of our member credit unions. We’re very proud of Michigan’s award-winners and wish them luck in the national competition.”
AAACU serves members primarily in Alpena, Alcona, Montmorency, and Iosco counties with eight locations: the main office located in Alpena, with branch offices in Ossineke, Lincoln, a Tiger Branch in Alcona Community Schools, Atlanta, Oscoda, Tawas, and an additional branch in Alpena.