Family First Credit Union, at its October 2017 Board Meeting, agreed to double the social dividend rate to 0.30% of balances held in Bonus Saver Accounts as well as changing the beneficiary of the scheme to combine all branch bonus saver social dividends to tackle the increasing trend of mental health issues impacting our regional communities.
As at the end of February 2018, Family First Credit Union held $5,863,435 in Bonus Saver Accounts which means based on this average balance, an annual social dividend payment of $17,590.30 would be donated to various organisations throughout our 4 regional communities to help fund and support people suffering from mental health issues.
Family First Credit Union Chief Executive Officer Darryl Macauley said "this is a great initiative announced by Family First Credit Union and we strongly encourage our members to assist us with raising funds for this important issue. People suffering from mental health issues and suicide rates in our regional areas tend to be higher than the average recorded for metropolitan areas and that most likely results from the lack of services available to treat affected people west of the great divide. If we can help fund those services and it makes a difference to just one suffering person, the initiative would have been well worth it". He went on to say "it's surprising how many people are affected by mental health issues and how close you are to them without even realising that they are suffering. I think that this is part of the challenge for society in detecting the warning signs and acting appropriately. This comes down to education and hopefully through endeavours such as ours and others, education and awareness of mental health issues can be heightened so that it does not attract the stigma it has in the past in that it is generally kept quiet and whereby affected people suffer in silence. It doesn't have to be that way and we all owe it to each other to look after those impacted people that are doing it a little tough by making sure that they are ok or by being around them when they need to speak to someone".
As such Family First Credit Union is encouraging all members to support this initiative and open a Bonus Saver Account and in addition to earning a great rate of interest, you could also be saving a life. The more funds that are deposited into Bonus Saver Accounts results in a greater social dividend made to this cause.
For further information about this initiative or should you wish to open a Bonus Saver Account, please pop into your local Family First branch at Lithgow, Mudgee, Blackheath or Bathurst or call us on 1300 369 900.