All stories

Great Lakes Credit Union (GLCU), in northern Illinois, has completed a donation drive for schools in its area, collecting more than 10,000 supply items via its 21 branches. 

The US credit union’s Fill the boat ’til it can’t float campaign saw items donated and delivered to 19 schools by branch managers and team members.

Donors also posted items to GLCU’s HQ or gave digitally via Amazon. Donations included workbooks, paper, crayons, marker pens, highlighters, pencils, pocket folders and backpacks.  

“Providing students with the tools and resources they need to succeed is a key part of GLCU’s mission of banking for a greater good,” said CEO and president Steve Bugg. 

“From school supply drives to scholarships, we’re proud to empower students, no matter where they might be on their educational journeys.”

GLCU was founded in 1938 and today holds more than US$1.4bn in assets, serving 115,000 members in Chicagoland and surrounding areas. Alongside banking services, GLCU delivers educational activities, volunteerism and community partnerships, as well as financial education and counselling through its charitable arm, the GLCU Foundation for Financial Empowerment

In recent years, GLCU has expanded its reach by merging with other credit unions, an ongoing trend for the sector in the US and other countries.

Related: Four US credit unions finalise mergers

Last June, GLCU merged with Encurage Financial Network Credit Union (EFNCU), bringing in 14,000 members and over $200m in assets. Then, at the start of this year, it merged with Chicago Municipal Employees Credit Union (CMECU), which brought $59m in assets, three Chicago locations, and more than 11,000 members.

GCLU says that these partnerships have allowed it to grow its membership base, as well as its products, services, and community giveback efforts.

All Sector news articles

Show filters

Great Lakes Credit Union collects 10,000 supply items for local schools

Items such as workbooks, pens and backpacks were donated in northern Illinois via GLCU branches

Securing livelihoods while preserving Palestine’s art of embroidery 

The practice is being kept alive in a refugee camp by a women's co-op which has…

UK credit unions trial green lending to power home retrofits

They are working with organisations such as People Powered Retrofit and Carbon Co-op on the government’s…

Second CCDS offer from Ecology Building Society now open

The lender is looking to raise up to £6.5m of additional capital to support the next…

Co-op Group announces social value strategy

The plan follows a survey where members said they feared the country was becoming more divided…

Members back pay rise for Nationwide CEO Debbie Crosbie

The mutual points out that it is much bigger than other building societies and that it…

New law poses threat to financial co-ops in Ecuador

A new Organic Law on Public Integrity includes a requirement for the conversion of certain savings…

Nationwide Building Society faces backlash over CEO’s 43% pay rise

Some members are not happy that the deal, which could see Debbie Crosbie earn nearly £7m…

Water and Post Office failures keep mutualised public services on the agenda

Ministers are still open to handing the ownership to postmasters after the Horizon scandal - and…

Steve Coogan on why he is backing the Middleton Co-operating project

The actor and comedian grew up in the Greater Manchester town and says it's time for…

Co-operators gather in Greater Manchester

The International Cooperative Alliance and the UK's Co-op Congress celebrate 180 years of co-operation

Oxford-based co-op becomes England’s first Living Hours architects

Transition by Design says it made the move to challenge low pay and precarious hours in…