The Daily Item, Sunbury, PA

Montour County

April 2, 2014

M-C Federal Credit Union to celebrate 60th by giving back to community groups

DANVILLE — M-C Federal Credit Union will celebrate 60 years by raising money for six nonprofit organizations which have made a difference in the community the past six decades.

The six, honored during the “Decades of Dedication” initiative, were announced during the credit union’s annual meeting Tuesday night at The Pine Barn Inn.

They are the Danville Area Community Center, the American Red Cross, AYSO Soccer, the Janet Weis Children’s Hospital, Evangelical Community Hospital and Wounded Warriors Project.

The credit union decided to honor and help the organizations because one of the foundation values of the credit union is people helping people,” said Jim Barbarich, credit union CEO and president.

“We looked at 60 years and groups of people of not-for-profit organizations that had a major effect on the communities we serve,” he said of the credit union with five offices serving five counties.

Events will be held throughout this year to benefit the organizations.

The former Danville YMCA was chosen for 1954-64. “People remember the Y dances which were an institution,” Barbarich said. The community center replaced the Y.

The Red Cross is being honored for 1964-74, especially for its work during the 1972 flood and the 1974 flood. The credit union plans to sponsor a blood drive along with a fundraiser for the Red Cross.

AYSO “Soccer Town USA” marks 1974-84 in Danville when an article about the Danville program appeared in a national magazine spawning the growth of soccer in the area.

The children’s hospital is being honored for 1984-94. “During that time, we raised money to support the neonatal intensive care unit at the hospital,” he said.

Evangelical hospital was chosen for 1994-2004 when it underwent a major expansion.

The Wounded Warriors Project was selected for 2004-14. “We are trying to see if we can find deserving veterans in our area and do a home modification project,” Barbarich said.

The credit union has committees planning fundraisers, to be announced shortly, at each of its branch offices.

“We want to get the communities to step up and help recognize them,” he said of the organizations being honored.

The credit union was founded in April 1954 with an office in the Merck plant in Riverside. Eight Merck employees, including lone surviving charter member John Pope, of Danville, organized the credit union. Pope regularly attends credit union annual meetings.

The main office has been relocated three times with its current location, at 230 Walnut St., expanded last year.

Other offices are in the Merck Cherokee office at 100 Ave. C, Riverside; Evangelical office at 1 Hospital Drive, Lewisburg; at 599 E. Seventh St., Bloomsburg; and at 1339 St. Mary St., Lewisburg.

“It’s an exciting time for us. We continue to grow,” he said.

The credit union, which employs 42, has 11,500 members with $130 million in assets.

Credit unions are member-owned and not-for-profit financial cooperatives.

Excess revenue in a credit union goes into lowering interest rates, providing better rates on CDs or reducing fees, Barbarich said.

Credit unions make up 6 percent of the banking market with 100 million people, or one-third of Americans, credit union members, he said.

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