UT Federal Credit Union (UTFCU) presented $29,000 in donations to colleges and universities within their field of membership during their annual meeting in March.
Supporting education is at the core of UTFCU’s mission, and has been since the credit union was founded in 1969. UTFCU provides many programs throughout the year to promote financial education. The credit union also makes scholarship and endowment contributions, which benefit general scholarship funds, to the institutions of higher education within their field of membership. These contributions come from the interchange income the credit union earns from debit and credit card usage by their owners.
Including the checks presented during the credit union’s annual meeting on March 26, 2019, UTFCU has given a combined total of $574,619 in scholarships and scholarship endowments to The University of Tennessee Knoxville, The University of Tennessee Martin, The University of Tennessee Health Science Center in Memphis, and Pellissippi State Community College.
About UT Federal Credit Union – UT Federal Credit Union is a full-service, member owned, financial cooperative. UTFCU membership is open and anyone may be able to join. Chartered in 1969, UTFCU is celebrating its 50th Anniversary in 2019. UTFCU has more than 23,500 member-owners and assets of over $300 million. The heart of UTFCU has always been and will always be the communities and owners it serves. Learn more at www.utfcu.org.