Mutual Security Credit Union Awarded Grant to Advance Financial Health of Employees and Members
Mutual Security Credit Union (MSCU) is proud to announce that it has been selected by the National Credit Union Foundation (the Foundation) to receive a grant aimed at deepening the credit union’s understanding of the financial health of its employees and members. MSCU is one of 17 credit unions across the United States chosen for this initiative.
The Foundation's grant program, which totals over $600,000, is designed to elevate credit unions' support for their communities' financial well-being.
With this funding, MSCU will partner with industry leaders Coopera Consulting and Attune Insights. MSCU will utilize Coopera Consulting's tools, such as Ethnicity Segmentation Analysis and the Organizational Equity Assessment, to better understand its membership demographics and promote diversity and inclusion. The credit union will also collaborate with Attune Insights to measure the financial health of employees and members, gathering critical data-driven insights.
"We are honored to be selected for this grant," said Hank Baum, President and Chief Executive Officer of MSCU. "This opportunity aligns perfectly with our commitment to fostering financial well-being within our community. By understanding our diverse membership's unique financial challenges, we can develop tailored solutions that empower everyone to thrive financially."
This grant program is a testament to the importance of recognizing the role of culture, race, and ethnicity in shaping financial well-being. It also underscores the unwavering commitment of credit unions like MSCU to create inclusive environments where
everyone can achieve financial success. MSCU's dedication to this cause is unwavering and we are excited to see the positive impact of this initiative on our community.
About Mutual Security Credit Union
Mutual Security Credit Union has been serving members since 1954. As a not-for-profit organization owned by over 28,000 members, it serves the community and various employer groups. The Company’s mission is to provide its member-owners with innovative financial solutions that enhance their economic well-being. As of December 31, 2023, Mutual Security Credit Union had total assets of $350+ million. For more information, visit www.mscu.net.
About the National Credit Union Foundation (ncuf.coop)
The National Credit Union Foundation (the Foundation) is the charitable arm of the U.S. credit union movement and works as a catalyst to improve people’s financial lives through credit unions. Through grants and programs, the Foundation is strengthening financial well-being, igniting passion and instilling knowledge about the credit union difference, and uniting resources to help credit union people during disaster. Donations to the Foundation ultimately enable credit unions to help their members reach life-changing goals and achieve financial freedom.
