Support Financial Wellness through Payroll Deduction
Fri October 11, 2024
Supporting financial wellness is one of the most meaningful ways we can contribute to our communities. One of the easiest ways to do this is through payroll deduction. By setting up automatic contributions to the Cornerstone Foundation, you can make a consistent and lasting impact on financial education programs without even thinking about it.
Payroll deduction makes charitable giving simple. Employees choose an amount they are comfortable contributing each pay period, and the donation is automatically deducted from their paycheck. This system is convenient and hassle-free, allowing you to contribute to the cause without needing to remember to make a donation each month.
But what makes payroll deduction so impactful? For one, even small contributions add up over time. A few dollars per paycheck may not seem like much, but when combined with donations from others across multiple pay periods, it can generate substantial funds that support financial wellness initiatives.
Funds raised through payroll deduction help the Cornerstone Foundation support credit unions' efforts to deliver financial wellness workshops, provide scholarships, and offer grants for community outreach programs. This support makes it possible for more individuals to gain access to the tools and knowledge they need to improve their financial well-being.
Arsenal Credit Union in Missouri has been a pioneer in this effort. Lori Crutchley, Executive Vice President at Arsenal, shares the impact of payroll deduction: “As one of the initial credit unions in Missouri to offer the payroll deduction program, we have engaged employees in the credit union’s mission through giving to the Foundation and our own donor-advised fund. Employees are able to give to the Foundation directly and help credit unions throughout Cornerstone fulfill their mission within the communities they serve. Our employees have loved to see their donations help others.”
Setting up payroll deduction is simple. Contact your HR department, choose their donation amount, and start making a difference right away. By making a small sacrifice each pay period, employees contribute to the larger mission of improving financial literacy across their communities.
If you’re interested in maximizing your impact and supporting financial literacy, consider signing up for payroll deduction today. To learn more about how you can participate, visit the Cornerstone Foundation online.
Payroll deduction makes charitable giving simple. Employees choose an amount they are comfortable contributing each pay period, and the donation is automatically deducted from their paycheck. This system is convenient and hassle-free, allowing you to contribute to the cause without needing to remember to make a donation each month.
But what makes payroll deduction so impactful? For one, even small contributions add up over time. A few dollars per paycheck may not seem like much, but when combined with donations from others across multiple pay periods, it can generate substantial funds that support financial wellness initiatives.
Funds raised through payroll deduction help the Cornerstone Foundation support credit unions' efforts to deliver financial wellness workshops, provide scholarships, and offer grants for community outreach programs. This support makes it possible for more individuals to gain access to the tools and knowledge they need to improve their financial well-being.
Arsenal Credit Union in Missouri has been a pioneer in this effort. Lori Crutchley, Executive Vice President at Arsenal, shares the impact of payroll deduction: “As one of the initial credit unions in Missouri to offer the payroll deduction program, we have engaged employees in the credit union’s mission through giving to the Foundation and our own donor-advised fund. Employees are able to give to the Foundation directly and help credit unions throughout Cornerstone fulfill their mission within the communities they serve. Our employees have loved to see their donations help others.”
Setting up payroll deduction is simple. Contact your HR department, choose their donation amount, and start making a difference right away. By making a small sacrifice each pay period, employees contribute to the larger mission of improving financial literacy across their communities.
If you’re interested in maximizing your impact and supporting financial literacy, consider signing up for payroll deduction today. To learn more about how you can participate, visit the Cornerstone Foundation online.
