LA CROSSE, Wis.—March 10, 2021—Marine Credit Union recently annoucned it is giving an Employee Appreciation Holiday to all of its employees to be used whenever they would like during the month of March
Research by the Dave Thomas Foundation shows that 25% of Americans have seriously considered adoption, yet only 2% complete the process. Many cite the significant upfront cost of adoption (average $29,000 for a domestic adoption and $36,000 for an international adoption) as a significant concern. This leaves vulnerable, parentless children to grow up in foster homes, orphanages or on the streets – resulting in direct and undeniable correlation to homelessness, teen pregnancy, unemployment, mental illness, poverty and crime in our country and around the world.
“Our employees have shown tremendous commitment to our members over the past year during challenging times, and there are many more people we intend to help in 2021,” said Shawn Hanson, CEO. “We are giving our employees a bonus appreciation holiday they can use anytime during the month of March to spend time with loved ones, give back, or relax and recharge.
In support of Marine’s commitment to continued flexibility, trust and collaboration for employees, it has committed to making remote work possible for employees post-pandemic. More than 80% of the credit union’s 400 employees transitioned to working from home in March, and that same percentage continues to work remotely.
More than 34,500 Marine Credit Union members increased their credit scores and more than 26,000 members increased their account balances in 2020. Marine employees have connected more than 23,500 people with financial assistance over the past year. This included the credit union’s commitment in April 2020 of $5 million in COVID relief loans (no payments, no interest for six months) and more than 2,700 families through Get Credit, its digital credit-building program. Marine also launched a host of new technologies to remotely serve its members during the pandemic, including mobile loan applications, a mobile account opening platform and Smart ATMs across its footprint.
In addition to Marine’s digital enhancements and commitment to advancing its members’ financial lives through assistance, education and counseling, the credit union’s charitable arm, the MCU Foundation, reached a milestone of $1 million in community donations given out since its inception in 2014. The MCU Foundation’s flagship financial literacy program for credit-challenged borrowers, Finding HOME, has now helped 14 families realize financial stability and homeownership.
If you or someone you know needs financial assistance, please reach out to us at 800.923.7280, Info@MarineCU.com or visit MarineCU.com for free calculators, programs, education and other resources to help you borrow, save and built credit.More information can be found in the credit union’s 2020 Annual Report.
About Marine Credit Union
Marine Credit Union is built upon the strong belief that members are more than a credit score, and we are committed to providing financial services to all members of the community—including those with past financial challenges. Marine will continue our long-standing tradition of delivering personalized lending solutions to fit our members’ individual needs. Marine Credit Union is a full-service financial institution serving members with office locations in Wisconsin, Minnesota and Iowa. For more information, connect with us on Facebook, Twitter, YouTube and LinkedIn.