Credit Unions Urged to Remit 2011 Funds to Children’s Miracle Network Hospitals
January 17, 2012
January 17, 2012
Children’s Miracle Network Hospitals (CMNH) estimates nearly two-thirds of the money raised by credit unions last year has yet to be sent in. Until those funds are remitted, CMNH cannot calculate the success of 2011 or compare efforts to the monumental $8.7 million mark achieved in 2010. Credit Unions for Kids is the third largest contributor to CMNH.
The importance of raising funds and working with the national organization is well understood by Northwest credit unions. CMNH is the charity of choice for many credit unions in Oregon and southwest Washington, as the region gave birth to Credit Unions for Kids years before the movement took flight nationally. Northwest credit unions have contributed more than $11 million since their early fundraising efforts in the mid-1980s. Nationally, more than $80 million has been contributed by Credit Unions for Kids since 1996.
What did last year bring in? Great question, according to Felicity Guerin, Credit Unions for Kids liaison for the American Association of Credit Union Leagues.
“In order to insure the funds raised are counted in Credit Unions for Kids’ 2011 fundraising totals, the CMN Hospitals’ accounting department must have checks in hand this month,” she said.
Here is a link to a form which credit unions can use to send with their donations. It also includes remittance instructions. The network’s goal is to have funds remitted by Jan. 31.
According to Credit Unions for Kids’ website, 100 percent of every dollar donated by members of the credit union movement goes back to the CMN Hospital serving their community.
Questions or Concerns? Contact Matt Halvorson, Anthem Editor: email@example.com.
Posted in Compliance.