Salk: A local credit union inspiring its community

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In the heart of Kitsap County, a financial institution is making waves not just as a banking entity but as a beacon of community support.

Kitsap Credit Union , with its deep-rooted commitment to the well-being of the community, has emerged as a driving force for positive change. From its humble beginnings with seven individuals employed at the Navy shipyard in Bremerton, KCU has evolved into an institution deeply committed to filling gaps in the community, particularly in the realms of housing, hunger, and financial services.

“At a fundamental level, a credit union is different than a bank in that its members are the owners,” Inglish told me. “So the owners, these members get to work with the credit union to decide where they want to put their focus, what kind of services they offer, like our Gold Checking account. That’s something that was inspired by our members, one of the best rates in the nation. But we didn’t stop there. That’s just one part of this larger puzzle.

“We support Habitat for Humanity, for example, in supporting our community members, make sure that they have stable housing but also housing that is not falling apart. But we’re also looking at other partners. Coffee Oasis is another great one for young adults. Shelter services are incredible work – making sure that our youth in the community have a place to sleep and a warm bed waiting for them. But those are just a couple examples of where we’re supporting in regard to homelessness.

“We’ve partnered with over 21 schools,” Inglish told me. “We bring best practice financial wellness curriculums to their classrooms in an accessible way. So these students are able to work on a fully digital, modular, super easy-to-access resource to learn about all the different parts of how money comes and goes in their life. Everything from basic banking all the way to federal tax simulation.

Source: Financial Digest (financialdigest.net)

 

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