Financial Center Wins Three Awards at State Convention
Finance Center Federal Credit Union has received the Dora Maxwell Award, the Desjardins Youth/Adult Financial Education Award, and the Emerging Leadership Award from the Indiana Credit Union League.
The Dora Maxwell Award was given in recognition of the Credit Union’s work via the website Shift Indiana. Named after philanthropic credit union pioneer Dora Maxwell, the Dora Maxwell Social Responsibility Recognition Program encourages community involvement among credit unions.
Driven by Financial Center, Shift Indiana prompts individuals and organizations in Indiana to share how they are positively changing their communities. Shift Indiana also aims to highlight individuals and organizations that are helping people and making their lives better each and every day. Additionally, the site promotes charitable giving and volunteerism.
The Desjardins Youth/Adult Financial Education Award was created by CUNA to bring awareness to the need of youth and adult financial literacy programs. The award is named after Alphonse Desjardins, a credit union pioneer who assisted in starting the credit union movement in both the United States and Canada.
Financial Center’s winning entry highlighted the Credit Union’s work to promote financial literacy at several Indianapolis high schools. Financial Center has student branches at Warren Central High School, J. Everett Light Career Center, and Arsenal Technical High School. The student centers provide high school students with the opportunity to learn about savings and checking accounts in a safe and secure environment. Additionally, the students of these high schools are given opportunities to take personal finance courses or seminars.
In 2010 Financial Center began offering the Panther Free Checking account, allowing North Central students and supporters to obtain a debit card with the school’s mascot, coordinating checks, and checkbook cover. For each Panther Free Checking account opened, Financial Center makes a donation to the school’s athletic program. A portion of the proceeds from the Panther debit cards are also donated.
Last fall the students and staff from the student centers participated in a round table discussion with U.S. Congressman Andre Carson and leaders of the Indianapolis community. The topic of the discussion was the importance of financial literacy in today’s classroom. The discussion findings were implemented by Congressman Carson as support for H.R. Bill 300, “Young Adults Financial Literacy Act.”
Financial Literacy Manager, James Davidson, was featured on the Indiana Youth Institute’s Kids Count radio show. The episode concentrated on youth financial literacy.
The Emerging Leadership Award was presented to William Hord, Vice President of Enterprise Risk Management at Finance Center Federal Credit Union.
The award recognizes the accomplishments of those who are the next generation of credit union leaders. As Vice President of Enterprise Risk Management, Hord ensures that Financial Center’s operations continue, regardless of any disasters that may occur. He has built a contract review procedure for the credit union that has saved the credit union over $100,000 in contract negotiations. Additionally, Hord has played a pivotal role in Vendor Due Diligence, Courtesy Pay opt-in, and many other compliance related initiatives for both the Credit Union and the Indiana Credit Union League. This past spring, Hord headed up the League’s lobby efforts regarding interchange fee income.
“The award is well deserved,” says J. Kevin Ryan, CEO of Financial Center. “William sees beyond Financial Center. He sees how legislation affects all of us in the industry and he takes action.”