The award presented to HORIZON FCU was the Louise Herring Award for Philosophy in Action. Herring was a pioneer in the credit union movement, helping to start nearly 500 credit unions. She was an advocate for women, minorities, the poor and disadvantaged and believed in economic justice for all.
Annually, the PCUA honors a credit union that demonstrates Herring’s spirit and philosophy in extraordinary ways. The winning entry was for the Money Rule$ Club for ages 13 through 16. Horizon FCU demonstrates the credit union philosophy by educating teen members about the importance of saving and managing money, how the credit union is there for their financial needs now and in the future, and explains the philosophy of People Helping People.
In addition, Horizon FCU offers a newsletter, “incentive to save” gift cards, community service involvement, student loans, two scholarships to graduating high school seniors and Web site links. They also educate children about financial literacy and each new added service that the credit union can provide to them. Horizon FCU strives to give these young members the ability to be responsible with their finances and to spread the great word about their credit union, just as their parents and grandparents have done. This winning entry for the Louise Herring Award will go on to represent Pennsylvania in the national competition in the fall of 2008.
The honorable mention was the Dora Maxwell Award for Social Responsibility. This award was presented to Horizon FCU for its commitment to community service and supporting charities. The credit union helped raise money with its Pampered Pet Contest, with its beneficiaries being the Lycoming County SPCA and the Clinton County SPCA, who are both member groups. Social responsibility is a commitment by credit unions in the means of volunteering time, energy and resources to boost the living standards of others within the communities that they are established.