Press

Small credit union assistance grant fund named in honor of Ann South

HIGHTSTOWN, NJ (March 4, 2015) — The New Jersey Credit Union Foundation recently created the Ann South Small Credit Union Assistance Fund in honor of the service of longtime board chair and board member Ann South. South served on the board for over 10 years and served as chair for much of that time.

Each year, the NJCUF will earmark $5,000 towards The Ann South Small Credit Union Assistance Fund, which will be used to aid smaller asset sized credit unions in improving their business, creating operation efficiencies, or better servicing their membership.

“As the Foundation’s board chair, as well as a board member, Ann worked diligently developing the Foundation you see today,” said current NJCUF Board Chairman Michael Hou. “Ann was instrumental in the creation of our current fundraisers, our internal Reality Fairs program, as well as our successful partnership with the New Jersey Coalition for Financial Education, and many other initiatives throughout her tenure.”

South, who recently vacated the board, was always the first board member to initiate programs or grant opportunities for smaller asset sized credit unions including the Remote Deposit Capture Grant Program and the recent XP Sunset Grant Program.

“I am very pleased that the NJCU Foundation has created a grant fund that will benefit the needs of our small credit unions,” said South, who is also CEO of Novartis FCU. “It is truly an honor to have these perpetual funds named after me.”

The New Jersey Credit Union Foundation will be soliciting for new board members in the coming weeks. Look for the application and deadline soon in the New Jersey Credit Union League’s Daily Exchange or on the Foundation’s Web site at www.njcuf.org.

 

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