AWA R D S
Banks And Credit Unions Honored With Community Heroes Awards Annual Banking New England Program Recognizes Outstanding Philanthropy Banking New England selected 20 community banks and credit unions from across New England to honor as Credit Union Heroes and Community Bank Heroes for their creation of unique community partnerships and going beyond the call to aid their communities in a special time of need. Credit unions and community banks were chosen in categories based on their asset sizes: less than $500 million, $500 million to $1.5 billion, and more than $1.5 billion. One overall winner was selected among banks and one among credit unions in New England. OVERALL BANK WINNER
Cambridge Savings Bank Financial Education Program Since launching its Financial Education Program in 2010, Cambridge Savings Bank has remained dedicated to contributing to the financial wellness of families and individuals who live in all the communities that it serves. During this decade, it has developed engaging, interactive workshops and lessons and presented live sessions to more than 29,000 participants. This number underscores the broad scope of the bank’s financial education efforts. Participants span students at the kindergarten and other elementary school grades, high school level, and adults of all ages including seniors.
10 BANKING NEW ENGLAND | Issue Three | July 2020
OVERALL CREDIT UNION WINNER
BANKS OVER $1.5 BILLION
Metro Credit Union Still She Rises Still She Rises, a celebration of life of Ersilia Cataldo Matarazzo, raised over $55,000 from a gala event attended by over 250 to benefit local domestic violence prevention organizations. The event coincided with the beginning of Domestic Violence Awareness Month. The proceeds benefited HarborCOV, Portal to Hope, and the Ersilia Cataldo Matarazzo Fund by Kiwanis. Ersilia Cataldo Matarazzo was a beloved member of the community and 20-year employee of Metro Credit Union in Chelsea, Massachusetts, whose life was tragically cut short as a result of domestic violence in December 2018.
Union Savings Bank The Teachers’ Closet Imagine a child at school trying to write without a pencil, color without crayons, or create without the tools to put their creations on paper. This unfortunately, is the reality that many of our local children live in today. Moved by this, along with the fact that teachers, on average, spend $500$1,000 out of their pocket each year to provide basic supplies to students, Union Savings created the Teachers’ Closet. Over 13,000 items have been distributed to three elementary schools since the program kicked off in October 2016.
GOLD AWARD
