Oregon Community Earns $20k From Sprint Program, Donates Entire Amount to Credit Unions for Kids
Northwest credit unions earned over $200k from the program in 2014. Jones and Oregon Community see it as an easy way to raise Credit Unions for Kids funds.
March 30, 2015
When the NWCUA team brought a check for over $20,000 to Oregon Community Credit Union — proceeds from the Sprint Discount Program — CEO Mandy Jones knew exactly how she wanted to use the money. Her plan started a couple years ago.
“A bunch of credit union CEOs were discussing how to keep the fundraising momentum going for Credit Unions for Kids,” she said. “The Sprint program came up, because it costs virtually nothing and generates extra income for credit unions. Many CEOs mentioned that it would be great to take those funds and donate them to Credit Unions for Kids.”
She went back to Oregon Community and told her staff that that’s how that money would be used.
The Sprint Discount Program offers credit union members discounted services and waived fees on Sprint services, and generates income for credit unions that market the program. For credit unions, implementing the program is extremely quick and easy.
Early this year Jones was alerted that Oregon Community had earned $20,637.79 from the Sprint Program last year. When she looked into previous years’ earnings, she realized that they had been put against donations the credit union had already made.
“That wasn’t my intention and this year we re-routed the funds as I had originally intended,” said Jones.
This year, Oregon Community donated the entire amount to Credit Unions for Kids, in addition to the donations they already make on an ongoing basis. “It’s an easy way to raise funds — we’re giving our members a service and we earn income from Sprint with almost no investment on our end. Compared to other fundraisers, this is a snap.”
Throughout the Northwest, 45 credit unions have implemented the Sprint Discount Program, with over $210,000 in total program earnings.
“To me,” said Jones, “this was the best way to use those funds.”
The credit unions of Oregon and Washington not only improve their members’ lives, they are foundational to the entire Northwest economy. Learn more here.
Questions about this story? Contact James Pearson: 206.340.4790, [email protected].