In support of the programs and activities adopted by the Carolinas Credit Union Foundation, the Foundation’s Board of Directors has created several vehicles by which credit unions, credit union chapters, sponsoring credit union business partners, and credit union members may support the Foundation’s efforts. They include the following:
This unrestricted fund fuels the Foundation’s operations and all associated expenses. The optional contribution to the Foundation through the League dues process is the main source of funding to the General Fund.
The Larry Johnson Trust Fund
This endowed fund is named in honor of North Carolina Credit Union League retired President Larry Johnson and is designed to provide emergency support for the programs and operations of the Foundation.
These restricted funds can be established by individuals, chapters and credit unions to support scholarship programs.
Donor Advised Funds
Credit unions and chapters can establish these restricted funds for specific charitable purposes. In many cases, donor-advised funds are used by credit unions to start their own foundation.
Disaster Relief Fund
This fund was established to assist credit unions, credit union employees and volunteers in the Carolinas after a disaster. Further, donations can be funneled by the Carolinas Foundation to the National Credit Union Foundation for CU Aid or the World Council of Credit Unions to support credit union employees outside of the Carolinas who were victims of disasters.