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American Eagle Financial Credit Union will donate 1% of credit and debit card interchange income to charities selected by the public via their new Cash Back to the Community program

EAST HARTFORD, CT (January 23, 2020) — Continuing its tradition of putting philanthropy into action to help create safer, healthier and more vibrant communities, American Eagle Financial Credit Union (AEFCU) now invites its members and the general public to help decide what qualified, local nonprofit organizations will receive donations with its new participatory funding program, Cash Back to the Community.

American Eagle will donate 1% of its credit and debit card interchange income to three nonprofit and/or 501(c)(3) organizations each quarter through the Cash Back to the Community program. Funding for the program is generated each time its members use an American Eagle Financial Credit Union credit or debit card.  At the end of each quarter, one percent of the total interchange income–the fee paid for credit and debit card transactions–will be distributed to the three top qualified nonprofits as voted on by a combination of the Credit Union’s members and the public.

“As Connecticut’s largest community-focused credit union, we are always concentrated on making the places where we live and work better.  Cash Back to the Community expands American Eagle’s philanthropic efforts by inviting our members and public to play an active and engaged role in helping steer where the new funding will be used,” said Dean Marchessault, president and chief executive officer of American Eagle Financial Credit Union.  “This program builds upon funding that we already provide to the community, including corporate and in-kind donations, grants from our AEFCU Fund at the Hartford Foundation for Public Giving and employee volunteerism.”

Three nonprofit organizations will be selected each quarter for a total of 12 Cash Back to the Community donations annually. In addition, members and the public are eligible and encouraged to nominate and vote for donor recipients via social media and American Eagle’s website.

To become a member—or customer—of American Eagle Financial Credit Union, one must live, work, worship or attend school in Hartford, Middlesex, Tolland or New Haven County in Connecticut, or Hampden County, Massachusetts.  One also can join American Eagle if they have an immediate family member who’s an American Eagle member, or if they live in the same household as a current American Eagle member.  Once a person joins American Eagle, he or she will be members for life, even if a change of jobs or a move takes them away from Connecticut.

Nominations and voting for Cash Back to the Community will be conducted via American Eagle’s website or social media sites, including FacebookTwitterInstagram and LinkedIn.


About American Eagle Financial Credit Union (AEFCU)

Established in 1935, American Eagle Financial Credit Union (AEFCU) is a full-service credit union  offering checking and savings accounts, credit cards, auto loans, mortgages, business accounts and more. American Eagle  offers banking online, through its mobile app, or at one of its 14 branches located in Connecticut. AEFCU has more than  180,000 members, over $2.5 billion in assets, and offers banking services to anyone who lives, works, attends school, or  worships in Hartford, Middlesex, Tolland, and New Haven County in Connecticut, and Hampden County in Massachusetts. For  more information about American Eagle Financial Credit Union, visit www.americaneagle.org

Contacts

Ashlyn Lower
Public Relations Associate
Phone: 860-560-0001
Mobile: 860-214-1631
Email: alower@ctpr.co

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