2018 Social Responsibility Honoree - Franklin First Federal Credit Union
Franklin First Federal Credit Union
2018 Social Responsibility Honoree
I would like to nominate Franklin First Federal Credit Union for the Excellence in Social Responsibility Award. It is our belief that credit unions have a responsibility to serve our communities, not only through our products and services in the branch, but also through reaching out and becoming involved in our communities.
Over the past year Franklin First has made great strides to redefine its commitment to our community in a variety of ways. Franklin First has continued its commitment to award $5,000 in annual scholarships to local students for their continued education, and contributed over $10,000 to sponsor and support local charities and organizations so far this year.
I believe, however, that social responsibility isn’t purely monetary donations but a commitment to the credit union philosophy of people helping people. It is because of that philosophy that Franklin First has made it our mission to reach out to the under-served in our community by offering financial coaching, sub-prime auto lending, credit builder products, and fuel assistance loans. We take great pride in being an additional family member to those that might need a little help, and feel that through these programs we are accomplishing that.
In addition, Franklin First is taking on several different community projects, including a partnership with Big Brothers Big Sisters of Franklin County to offer a Financial Fun Fair and participating in a Reality Fair with Greenfield Community College. These programs in particular are designed to help provide financial education to the youth in our community, something we feel is not properly being addressed in our school systems at this time. It is our hope that by providing them with fundamental skills, that one day they will be able to reach their financial goals.
Financial education isn’t only for the young, here at Franklin First’s we’ve recently focused our attention to partnering with CCUA to coordinate and host a Senior Safeguard Lunch and Learn. The hope is that we will be able to provide education about Financial Elder Abuse and shine a bright light on this problem that is ever increasing in frequency. Franklin First wants to be a leader in creating a discussion and a movement to protect our seniors from this abuse. Additionally we have been working on creating and small business entrepreneur pitch event. This event is based on the national SOUP initiative that is designed to provide funding to kick start businesses of the entrepreneurs in our community with funding they may not be able to acquire through traditional channels.
Not only is Franklin First doing its part to provide financial and volunteer support to the existing organizations in our community, but we’re also working towards introducing new opportunities to educate as many individuals in our community as possible. It is our belief that financial wellbeing starts with financial education, and we are doing our part to make sure that the opportunities to become educated are available and accessible to everyone in our community.