City of Boston Credit Union Recognized for Leadership in Social Responsibility

Awarded Top Prize for Commitment to Financial Literacy, Charitable Giving and Exceptional Service to Members

Boston, MA- Today the City of Boston Credit Union (CBCU) announced it has won three, first place awards for social responsibility from the Cooperative Credit Union Association. CBCU was recognized for its leadership in Massachusetts within the $250 million - $1 Billion asset category with three awards: the Desjardins Adult Financial Education Award, the Dora Maxwell Social Responsibility Award, and the Louise Herring Philosophy in Action Award.

“At the City of Boston Credit Union we pride ourselves on paying attention to the needs of our members and developing products and services to fit those needs while also giving back to the community,” said Chairman of the Board, Timothy J. Smyth, Esq. “We are honored to be recognized by the Cooperative Credit Union Association for our colleagues’ hard work and dedication.”

Adult Financial Education
The Credit Union’s long-time partnership with the Gavin Foundation supports individuals in recovery, meeting a need in the recovery process to reestablish financial wellness. Through educational sessions CBCU educates individuals in recovery on budgeting, debt repayment, rebuilding credit, and establishing short, medium, and long term savings plans. CBCU has continued to provide virtual financial education lessons during the pandemic.

Charitable Contributions
CBCU was also recognized for its support of the veteran's community and participation in Operation Thank a Veteran, an ongoing process of connecting with veterans who call Boston home with the valuable resources the City has to offer. This project meets one Saturday a month to knock on the doors, thank veterans for their service and connect them to resources. More than 3,000 Boston veterans have been reached through the initiative, which will continue until all 22,000 veterans living in Boston have been reached. CBCU also participates in the annual Memorial Day flag planting at local Boston cemeteries and is a long-time sponsor of the Mayor’s Annual Welcome Home Breakfast, which allows veterans to connect with other veterans and local politicians/authorities, speaking programs, and a reminder that transitioning back to civilian life in Boston is a journey they do not have to take alone.

Member Service
CBCU was also recognized for living out its philosophy of “People Helping People,” specifically through its COVID-19 response that kept branch offices open, and tailored offerings including an Emergency Assistance Loan, mortgage deferments and skip a pays. CBCU has sought to remain a constant to its membership during this difficult time, as well as providing them with options for assistance.