Credit Unions Encouraged to Enter 2017 Community Impact Data by Dec. 31
November 26, 2018
Credit unions across the Northwest are onboarding and beginning to use the Community Impact Reporting Tool, a data collection system that will allow them to tell the bigger-picture story of their impacts across the region.
Currently credit unions are entering their 2017 data. They have until Dec. 31 to collect and upload the information, which will be used in a variety of ways, including creating key talking points with legislators so that they may more deeply understand the impacts credit unions make on their communities.
Starting in January, credit unions will be able to enter their 2018 data and will have through April to complete the process.
To assist credit unions seeking more information about what data to collect, the Northwest Credit Union Association has added a guide on the data points that are needed for 2017 and 2018. They may be found online here.
The 2017 data points include:
- A story/photo that best illustrates the credit union’s community impact.
- Total charitable contributions.
- Total number of nonprofits supported.
- Total scholarship dollars awarded.
- Total disaster relief donations.
- Total hours of financial education provided.
- Total amount saved in prize-linked savings accounts.
- Total community and economic development loans.
- Total loans to minority households.
- Total small business loans.
Using the Community Impact Reporting Tool, credit unions will be able to report their volunteer footprint, charitable contributions, and other key indicators.
NWCUA is here to answer any questions and help onboard credit unions. If your credit union has not yet signed up, visit the online sign-up form. Questions may be directed to Sharee Adkins, Northwest Credit Union Foundation Executive Director.
Posted in Community Impact.