Credit union surpasses $1M in charitable donations

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Teachers Federal Credit Union, headquartered in Hauppauge, has surpassed $1 million in annual charitable donations to 105 nonprofits across the country, in what the credit union described as “a record breaking year of charitable giving.”

Capping off this effort, the credit union completed its fourth annual “Season of Giving” campaign by donating $50,000 to three nonprofits.

The credit union, with $9.8 billion in assets and more than 460,000 members, launched this year’s Season of Giving campaign on Giving Tuesday. It invited members and communities across the nation to vote on how to distribute the $50,000 among the nonprofits.

Having tallied thousands of votes, Teachers announced that $25,000 would be awarded to Island Harvest Food Bank, headquartered in Melville, to support its mission of alleviating hunger and reducing food waste across Long Island.

Another $15,000 went to Habitat for Humanity International to further its mission of building strength, stability and self-reliance through shelter. And $10,000 went to Junior Achievement USA to empower young people with skills in financial literacy, entrepreneurship and career readiness.

“Surpassing $1 million in charitable contributions within a single year underscores our deep and unwavering commitment to supporting the communities we serve,” Brad Calhoun, president and CEO of Teachers Federal Credit Union, said in a news release about its charitable giving.

“The success of our annual Season of Giving campaign, driven by the votes and support of our members, employees, partners, and community, is a powerful testament to our shared dedication to making a meaningful difference in the lives of others,” he added.

In addition to the Seasons of Giving campaign, the credit union says it actively supports nonprofits that are focused on education, health and human services, economic development and research.