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InTouch CU Participates is Cell Phones for Soldiers Initiative
Friday, May 23, 2014 4:30 AM

As we approach Memorial Day and the country pays tribute to our servicemen and women for May’s National Military Appreciation Month, InTouch CU (ITCU) is continuing their 40th Anniversary celebration honoring America’s troops in the spirit of the credit union industry mission of “not for profit, not for charity, but for service.”

Through Saturday, May 31, 2014, ITCU is offering to match donations made at their branches to Cell Phones For Soldiers® (CPFS), a 501(c)(3) nonprofit organization, which earns funds by recycling cell phones. CPFS uses those funds to purchase prepaid international calling cards for troops stationed abroad to connect with loved ones at home. For their 40th Anniversary, ITCU is giving CPFS $1 for each phone donated during the event and an equal dollar match for all monetary donations, up to $40,000.

Much has changed at ITCU, which originated as EDS CU in 1974, over the last 40 years, having acquired both First American Federal Credit Union (FAFCU) and Ensign Federal Credit Union in 2009, leading to their InTouch CU name change in 2010. ITCU, in its current iteration, continues to grow, with a recent acquisition of Dr Pepper Employees FCU leading to their current standing with 75,000 plus members and more than $800 million in assets.

“InTouch is pleased to celebrate this way, partnering with our members to help our servicemen and women in uniform. We are so grateful that our members have continued to put their trust in us whether buying a car, refinancing a home over the past 40 years. The success we have achieved would not have been possible without our members, and we hope that giving back in this way honors and inspires them to get involved, too,” said Diane Gerstner, executive vice president of ITCU.

Cell Phones for Soldiers has provided more than 204 million minutes of free talk time to servicemen and women stationed around the world over the last decade. On average, CPFS generates 30 minutes of talk time with each dollar they earn.

“Each year we have been humbled by the number of people and organizations like InTouch Credit Union that have taken the initiative to support our troops,” said CPFS co-founder Brittany Bergquist. “Closing the geographic gap between those serving and their families is a crucial need that Cell Phones for Soldiers believes in and is committed to addressing as long as it has support from great companies like InTouch.”

For the privacy of donors, donated phones have their data wiped when they are recycled. Approximately half of the phones are reconditioned and reused, phones and components that cannot be refurbished are dismantled and responsibly recycled.