Cobalt Credit Union has a long-standing commitment to being a community partner that makes an impact through financial giving and volunteer outreach. At the beginning of 2016, a volunteer committee of Cobalt Credit Union employees met with the goal of establishing a charitable arm for the credit union. Discussion centered on how to support two areas: the development of financial literacy initiatives along with supporting our military and military-related organizations. Having a charitable arm that aligned with Cobalt's strong military roots and giving back to the military only made sense why it would be included as an area of focus.
So, why the emphasis on financial literacy?
All of us can call to mind an instance in our own lives where financial knowledge has played a role. Whether it’s a high school senior preparing to graduate, a couple expecting their first child, or a professional getting ready to retire, there are countless life events that involve financial decisions. These decisions are influenced by how much, or how little, financial literacy each of us gains throughout the course of our lives.
Through dedicated efforts and a vision on the future, SAC Foundation, a 501(c)(3) charitable organization, was formed and launched in 2016. Its mission is to be a steward of economic and social sustainability in the communities it serves. SAC Foundation focuses on funding and fundraising for two specific areas:
Financial education and educational programs that teach financial literacy
Economic and social programs in support of the military
Learn more about our Programs and visit our Photo Gallery to see highlights of our activities and fundraising efforts we've done over the past year to support these two areas of focus for the SAC Foundation.