Community Reinvestment

Hanscom FCU Recognized In Mastercard’s Annual Community Institution Segment Awards

Receives A Doing Well by Doing Good Award

Keith Griffin

September 16, 2020

Hanscom Federal Credit Union Mastercard Award

Hanscom Federal Credit Union, based at Hanscom Air Force Base in Massachusetts, was recognized by Mastercard in its annual Community Institution Segment Awards with a Doing Well by Doing Good Award. The awards program recognizes those Community Institutions that are making an impact in their communities by demonstrating advancement in innovation, leadership, and philanthropic efforts and recognizes organizations across three distinct categories – Innovation, Doing Well by Doing Good, and Priceless Partner.

Since 2000, Hanscom FCU has raised over $500,000 through its partnership with Credit Union Kids @ Heart, one of the largest collaborative fundraising programs in the country, for pediatric brain research projects at Boston Children’s Hospital. This has been accomplished through sponsoring credit union employees and volunteers to run the iconic Boston Marathon each year as charity runners, raising money for the cause as part of #TeamHanscomFCU, as well as through member donations in branches.

In 2019, the credit union delivered a record-breaking $60,000 donation to Credit Union Kids @ Heart, funds that went straight to the children who need it at Boston Children’s Hospital. One-hundred percent of the funds raised by the team go toward finding cures for diseases and conditions like Moyamoya disease, Sturge-Weber syndrome, cerebral palsy, and pediatric brain tumors.

Ray Phillips, Hanscom FCU’s chairman of the board, as well as a long-time charity runner on #TeamHanscomFCU, said, “Although the Boston Marathon was canceled this year because of the pandemic, we’re committed to helping these children. We’ve got virtual runs planned for our team, and I know that as in past years, our employees, volunteers, and credit union members will step forward and give to this cause generously. I am grateful for Mastercard for recognizing the charitable work we do on behalf of these deserving kids.”

“During these unprecedented times, helping people and supporting those in your local community is more important than ever,” said Yasemin Bedir, executive vice president, processor & community institutions for Mastercard. “We salute Hanscom FCU for their unwavering commitment to doing well by doing good and showing up when it matters most.”

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