MD|DC Credit Union Association

01/29/2020 | Press release | Distributed by Public on 01/29/2020 07:27

Thanks to a successful year of financial growth for Freedom Federal Credit Union, over 76 local charities, nonprofits, and community organizations have benefited from financial[...]

Thanks to a successful year of financial growth for Freedom Federal Credit Union, over 76 local charities, nonprofits, and community organizations have benefited from financial support in 2019.

Over $180,000 was invested back into the Harford County Communities that the Credit Union serves Freedom Federal Credit Union has been in Harford County since 1956 and has a long history of supporting local non-profits and improving community resources. As a not-for-profit, the Credit Union returns all profits back to the membership and to the community at large.

Freedom's community support significantly increased in 2019, compared to past years. In 2018, for example, Freedom donated more than $130,000 in sponsorships, scholarships, and donations to support the Harford County community. According to President and CEO, Mike MacPherson, the more than $50,000 increase in community support, in 2019, is a testament to the institution's growing membership and assets. 'The more we grow, the more we give back. It's never been about making money, for profit's sake, and so long as we can, we're going to serve this community and make it better, every way we can', MacPherson stated.

Notable donations include more than $30,000 to Harford County Public Schools, more than $25,000 to Upper Chesapeake Health Foundation, and $15,000 to the MedStar Health Foundation. Other supported organizations include: ARC Northern Chesapeake Region; APG Wounded Warrior Fisher House; Boys & Girls Clubs of Harford & Cecil Counties; The Brandon Tolson Foundation; Chesapeake Cancer Alliance; Community Foundation of Harford County; Extreme Family Outreach; Habitat for Humanity Susquehanna; The Harford Center; Harford County Public Library Foundation; Harford Family House; Humane Society of Harford County; Maryland Center for the Arts; SARC; The United Way of Central Maryland.

'Freedom is the gold standard of community partners,' say Shawn Kros, CEO of The Arc Northern Chesapeake Region. 'We can count on Freedom to be there for us in all capacities- not only through monetary donations, but with volunteerism, program support and strategic planning.'

In addition to monetary support, Freedom Federal Credit Union donates employee time to causes all over the county. In 2019, Freedom employees volunteered more than 400 hours to charitable initiatives. The Credit Union also initiated a Harford County-based social media movement called the #FreedomToHelpChallenge, which finished its second year in December, where individuals, businesses, and non-profits can participate by posting pictures and stories of their volunteer efforts in the hopes to win a $1,000 charitable donation for their cause. The movement has brought new awareness to dozens of Harford County-based charities and celebrates the volunteers who serve them.