On August 17, dozens of credit unions joined Callahan & Associates for the first ever Impact Network Meet-Up. This event, which was open to Impact Network participants only, was created to help participating credit unions form connections, start impact-related conversations, and measure their success in the field of impact-oriented metrics.
During the Impact Network Meet-Up, participants were given the opportunity to share what actions their credit union was taking to generate a positive impact for the communities they serve. Among the topics discussed were employee work/life balance, philanthropic giving, establishing CUSOs, environmental impact, and raising awareness for diversity, equity, and inclusion (DEI) initiatives.
As part of the discussion, Callahan shared a wealth of impact-related data gathered so far from credit unions that have participated in the Impact Network survey, including:
- 24% of credit unions offer reverse tier savings accounts
- 50% of credit unions have a charitable foundation
- 14% of credit union offer student loan reimbursement, with the average reimbursement totaling $8,864
These figures were just some of the many impact metrics that were discussed by the group during the hour-and-a-half long event.
The attendees include CEOs, marketing professionals, and community development specialists, among others, and all participants stressed the importance of ensuring their cooperatives become known among their membership and communities as advocates for financial health and wellness.
More than 200 credit unions across the country have joined Callahan’s Impact Network, which was created to help the movement use data and more to better articulate the difference that credit unions make in the lives of their members.
To partner with us and join this growing movement, click here.
There is no cost or commitment to join – simply sign up to let us know that your credit union believes impact is important. As part of joining the Impact Network, your credit union will gain access to events such as these, as well as new metrics, data sets, and best practices that will continue to move the industry forward.
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