LAFCU raised $15,000 for Toys For Tots
LOS ANGELES, CA (January 28, 2021) —
Los Angeles Federal Credit Union (LAFCU) raised $15,000 in donations for their 2020 Toys for Tots toy drive. Due to the Coronavirus Pandemic, toys were not collected as in the past, and instead funds were raised for the purchase of toys from online contributions, in-person branch donations, and from an employee raffle. Their $3,000 goal got eclipsed quickly and they ultimately raised $10,000 – surpassing the goal over 300%! With every dollar raised LAFCU also matched up to $5,000 through LAFCU’s charity, the Los Angeles Charitable Association, bringing the total raised to $15,000.
All proceeds raised were used to buy toys that were distributed to less fortunate kids in the Greater Los Angeles Area during the holidays. Toys for Tots is a top-rated charity, and 90% of donations go to its mission of helping children. Since 1947, the U.S. Marine Corps Foundation has distributed 584 million toys to 265 million children.
Anyone who lives in most counties of Southern California can join LAFCU and take advantage of its financial services. For details, visit www.LAFCU.org, call (877) MY LAFCU (695-2328), or visit a branch.
Marine representative, First Sergeant Mike Gonzalez, presented the benefits of the Toys for Tots program to a socially-distanced LAFCU staff before the credit union’s fundraising campaign began in November 2020.
About LAFCU (CA)
LAFCU was founded in 1936 by 13 Los Angeles City Employees to give fellow employees a safe, low-cost, and convenient source to borrow and save money during the height of the Great Depression. They gathered $65 to form the “Los Angeles City Employees Federal Credit Union.” In 1987, the name changed to Los Angeles Federal Credit Union to reflect a growing field of membership, which started to include immediate family members of City employees and individuals who lived in the same household as a current member. In 2006 LAFCU expanded its field again to include residents living in most counties of Southern California by establishing the Los Angeles Charitable Association, Inc. (LACA). LACA is a 501(c)3 nonprofit charity that donates and supports charities in the greater L.A. area that since 2006, has donated over $500,000 to those charities.
Now, 85 years after its initial deposit of $65, LAFCU manages $1.2 billion in assets, has 71,000 members, staffs seven branches, and its members can access a nationwide network of 30,000 CO-OP ATMs and 5,000 shared branches.
Anyone living in most counties of Southern California can join LAFCU and take advantage of its financial services. For details, visit www.LAFCU.org, call (877) MY LAFCU (695-2328), or visit a branch.