Credit Unions’ Impact Multiplied by CO-OP’s Miracle Match
November 17, 2014
November 17, 2014
The Spokane Chapter of Credit Unions recently presented a $20,000 check to Children’s Miracle Network (CMN) Hospitals. Ten thousand dollars came from their annual golf tournament. The other $10,000 came from a CO-OP Financial Services Miracle Match.
Miracle Match is a program that potentially doubles the impact credit unions, chapters and leagues can have when they raise money for their local CMN Hospitals. CO-OP dedicates $1 million every year to matching donations from the credit union industry to Credit Unions for Kids.
In 2013, 154 credit unions participated in Miracle Match and raised over $3 million for CMN Hospitals, $1 million of which was matching funds from CO-OP. Sixty-seven of these credit unions were participating in Miracle Match for the first time.
Credit Unions for Kids is especially important in the Northwest, having been spearheaded in Oregon and southern Washington. In Northwest last year, CO-OP matched more than $100,000 in Credit Unions for Kids fundraising — a tenth of the annual total — partnering with 11 credit unions and supporting 10 different hospitals.
Northwest credit unions and chapters are invited to apply for matching funds for upcoming fundraisers on the Miracle Match website. The matching program is open to all credit unions, but those associated with CO-OP take priority.
Once an event is accepted, it can qualify for one of three levels of funding. If the event raises up to $10,000 then CO-OP will match contributions dollar for dollar. If it raises more than $10,000 but less than $50,000, CO-OP will match the first $10,000 raised. And if the event raises $50,000 or more, CO-OP will match 20% of the total funds raised, up to a maximum of $25,000.
So $4,000 raised can double to $8,000. An event that raises $12,000 can be bumped to $22,000. And an event that raises $150,000 can be boosted to $175,000 thanks to CO-OP’s generous program.
This October the Northwest Credit Union Association hosted the Heroes of Hope Auction in Spokane, alongside the annual Amplify Convention, to benefit Northwest CMN Hospitals. The event had a very special attendee.
Aiden Kemp is a 10-year-old boy who, on Mother’s Day this year, was stricken with a rare disease that left him in a wheelchair. CMN Hospitals have supported Aiden and his family in his treatment and recovery.
“I might not walk normal again, I might walk with crutches. I don’t care how I do it, I just want to walk,” said Aiden.
The event raised over $180,000 for CMN Hospitals. But the Association had also registered their event for a Miracle Match. CO-OP stepped up with its maximum match — $25,000 — boosting the total to over $205,000 raised for kids like Aiden to get treated.
For more information on Miracle Match, visit the program’s website.
Questions about this story? Contact James Pearson: 206.340.4790, firstname.lastname@example.org.
Posted in Events.