SCU members’ debit card use leads to nearly $85,000 donated to foundation
What if every time you swiped your debit card, a portion of your purchase was used to make your community a better place? That’s the concept behind Scott Credit Union’s Epic and Blues checking accounts. Thanks to members of SCU, nearly $85,000 was recently donated to the Scott Credit Union Foundation, which supports local education and non-profit organizations. The money was donated at no cost to members every time they used their debit card in 2020.
“It’s simple for members who have an Epic Checking or Blues Checking to support their community,” said SCU Chief Marketing Officer Adam Koishor. “For every purchase they make with their debit card, we donate a percentage to the Foundation. This is our second year with the program, and we are proud of the impact it’s made already.”
The Scott Credit Union Community Foundation was established in 2018 and raises its funds via Epic and Blues debit card swipes, along with its annual golf tournament benefit. The Foundation supports local education through its “With You” grant program. In 2020, a total of $25,000 was awarded to six grant winners (McCluer High School, Holy Trinity Catholic School, Dorris Intermediate School, Triad School District, East Alton Wood River High School, and Our Lady Queen of Peace) for projects benefitting students. The Foundation also supported the United Way of Greater St. Louis in 2020 with a $20,000 donation and has funded scholarships for students attending SWIC and Lewis & Clark Community College.
“The Scott Credit Union Community Foundation allows us to expand our efforts to help the community,” Koishor said. “We are especially proud of the debit card program because through our members’ activity with us, we can return donations into the communities in which they live.”
The credit union hopes that as more people open Epic or Blues Checking accounts, the annual donation to its community foundation will continue to grow. Donations have already dramatically risen from last year—from $35,000 in 2020 to a whopping $85,000 in 2021.
“Supporting the communities in which we serve is extremely important to us here at Scott Credit Union,” Koishor added. “The credit union itself, our Community Foundation, and our employees all contribute to that effort. Over the past 12 years, our employees volunteered nearly 24,000 hours in the community. We are very appreciative and proud of their commitment.”