Wednesday, January 26, 2011 10:37:00 AM
RAHWAY, N.J. -Merck Employees Federal Credit Union is stepping up for financial literacy.
The board of the $1.5 billion Rahway-based CU has voted to pledge its 2011 dues rebate to the League's financial literacy partnership with the New Jersey Coalition for Financial Education.
Last week the New Jersey Credit Union League announced a one-time 10% dues rebate for the 2011 season. Credit unions are given the option to pledge their rebate to NJCUL's Advertising Co-Operative. Merck, which already supports the ad co-op, wanted to earmark its money for financial literacy.
"We are thrilled that our League is ahead of the curve on financial literacy and we want to support that effort, " said Herman Johnson, chairman of Merck EFCU. "Merck EFCU has always been focused on giving back to our members and we believe financial literacy is part of that. Anything we can do to support the collective effort of New Jersey's credit unions, helps all credit union members," said Johnson.