Community Involvement
The Board and staff at DuTrac Community Credit Union are committed to giving back to the community through monetary and in-kind donations as well as through volunteer opportunities. Please take a moment to learn more about DuTrac Community’s involvement within the communities we serve.
DuTrac Community Credit Union is committed to the credit union philosophy of “People Helping People” and continually gives back to the communities it serves. These commitments make us unique among other financial institutions.
Our staff continually commit their time and money to community causes year after year in an effort to “give back.” Our credit union and staff are proud to support the communities in which we live and work.
Statement of Philosophy
Charitable Contributions, Gifts and Donations
DuTrac Community Credit Union is an intricate part of social and economic progress. Credit unions are not simply financial institutions but are an important element in the development of the communities served. DuTrac Community Credit Union operates in keeping with International Credit Union Operating Principles:
"Continuing the ideals and beliefs of cooperative pioneers, credit unions seek to bring about human and social development. Their vision of social justice extends both to individual members and to the larger community in which they work and reside. The credit union ideal is to extend service to all who need and can use it. Every person is either a member or potential member and appropriately part of the credit union sphere of interest and concern. Decisions should be taken with full regard for the interest of the broader community where the credit union and its members reside."
In an ongoing demonstration of these Principles noted above and the credit union philosophy of “people helping people,” DuTrac Community Credit Union supports charitable organizations in the communities where our members work and live. DuTrac Community Credit Union receives many solicitations for donations, volunteer support and community sponsorships. The following provides a guideline for request consideration. This assures that DuTrac Community Credit Union’s charitable, financial resources are used in a way that best serves the membership. These guidelines will not cover every possible request, special need or opportunity; therefore, DuTrac Community Credit Union may make exceptions in granting contributions or community sponsorships.
Policy Statement
It is the policy of DuTrac Community Credit Union (DuTrac) to consider all requests. It is the intent of DuTrac to provide donations based on the financial need of each request based on the following:
- consideration to the requesting organization’s sources of support;
- the donation’s overall impact to the community or communities served;
- the size or amount of the contribution request;
- fund availability; and
- the overall positive public relations or benefit, value or “goodwill” which is in turn received by DuTrac Community Credit Union for its donation, contribution or in-kind giving.
DuTrac reserves the right to provide in-kind contributions in lieu of cash requests for organizations that meet the criteria as set forth in this policy.
Policy Standards
DuTrac will direct its resources of support (contributions, donations or in-kind services) based on the following:
To an organization(s) that is a tax-exempt organization under Section 501c(3) or (6) of the Internal Revenue Code, is considered charitable, civic, educational, recreational and/or receives the majority of its support through outside funding. Such entities must conduct activities in a community, or within an adjacent community, in which DuTrac has a place of business.
DuTrac may NOT make contributions, donations or in-kind contributions to the following:
- sponsor(s) of or to political or partisan organizations;
- to “for-profit” organizations;
- religious groups or religion-based organizations;
- individual teams or smaller sports organizations that do not benefit a large segment of the community;
- to individuals (including members) or organizations who are seeking funds for personal or individual endeavors, including reimbursement for medical needs or expenses;
- to those organizations where funds would be used for the purpose of building assets or capital; or,
- to those capable of supporting themselves.
It is also NOT within the scope of this policy to provide funding or other assistance to an individual or small group that is not representative of the community(ies) we serve or to the membership as a whole.
All requests will be evaluated on an individual basis by a donations committee staffed by the President/CEO, SVP Marketing along with an additional designee. Any requests received may be denied as outlined in this policy or based on a criterion not listed in this policy and/or for any reason not meeting the civic role or in keeping with the overall business purpose of DuTrac Community Credit Union.
Participation in Socially Responsible Activities
DuTrac encourages all staff to be involved in at least one service group and two other organizations that meet the criteria of this policy. The President/CEO (or person he/she shall designate) will be responsible for authorizing:
1. Time off work to participate
2. Payment of dues
3. Payment of expenses
4. Monetary support of the group or organization
5. Use of physical resources
Contributions will be designated to appropriate charitable, civic and community organization in the following areas:
1. Educational
2. Human Services
3. Culture Events and the Arts
4. Community Development
Allocations for branches outside the immediate Dubuque area will be based on proportion of members served in that area.
Contribution and Donation Restrictions:
Total donations may not exceed the amount budgeted for donations and approved by the board for any given fiscal year. Such amount will be a budgeted line item and subject to the approval of the DuTrac Community Credit Union Board of Directors.
Requests in excess of $1,500 will require approval from DuTrac’s President and/or Board of Directors.
Requests must be received in writing at least 15 days prior to the event.
DuTrac Community Credit Union reserves the right to deny any and all requests by any and all parties regardless of whether they meet or do not meet the criteria noted herein.
