BELCO COMMUNITY CREDIT UNION CELEBRATES 79 YEARS
Harrisburg, PA (March 6, 2018) – On Wednesday, March 7, 2018, Belco Community Credit Union will mark its 79th Anniversary with celebration events at all 14 Belco locations. Each Belco branch will offer free cake and a drawing for a $79 Sheetz gift card. During the week of March 5, members who open a new Visa credit card will receive a free Belco cooler bag.
Belco was formed as Pennsylvania was climbing out of the Great Depression and the world was again preparing for war. On March 7, 1939, Elton “Miller” Peterman and 24 of his coworkers formed a federally chartered credit union to serve the employees of Bell Telephone Company of Harrisburg, PA.
By 1941, membership had grown to 401. That early two-year growth marked the beginning of Belco’s journey to providing financial services through the generations. In the early 2000s, Belco converted to a community charter in order to expand its membership. Now 79 years later, Belco has 14 branches, more than 64,000 members and $595 million in assets, and thanks to its valued members, continues to grow each year.
BELCO EMPLOYEES TO HOST SOUP COOK-OFF AND BAKE SALE
TO BENEFIT CARLISLE C.A.R.E.S.
Harrisburg, PA (2/1/2018) – On Friday, February 2, 2018, from 11:30am-1:30pm, Belco Community Credit Union is hosting a “Souper Bowl” Soup Cook-Off & Bake Sale to raise money to benefit Carlisle C.A.R.E.S. The cook-off will be held at Belco’s Operations Center at 449 Eisenhower Blvd., Harrisburg.
Thirteen Belco employees will be competing for the title of “Best Soup.” Samples are available for a 25 cent donation, or $3.00 per bowl. Belco branches will also have a bake sale to raise additional funds.
Last year, Belco employees raised more than $550 for the Boys & Girls Club of Harrisburg. This year the goal is to raise more than $600 for Carlisle C.A.R.E.S. Employees who make a $6 donation to Carlisle C.A.R.E.S. can wear their favorite football team jersey and jeans as part of Belco’s “Souper Bowl” celebration.
Carlisle C.A.R.E.S. has been serving the Cumberland County community since 2004. C.A.R.E.S. began as a mission through Carlisle United Methodist Church (then Grace United Methodist Church). After sheltering a few men for a night, members of the church and the community realized there was a much bigger issue that needed to be addressed. Initially, C.A.R.E.S. housed three or four homeless individuals during the harshest winter months through a network of three churches. Eventually, as support grew, C.A.R.E.S. was able to offer shelter year round to as many as 60 guests each night. Carlisle C.A.R.E.S. is located at 50 West Penn Street, in Carlisle, PA.
BELCO EMPLOYEES VOLUNTEER AT LOCAL FOOD BANK
Harrisburg, PA (1/29/2018) – On Saturday, January 20, employees and members from Belco Community Credit Union helped with food distribution at Project SHARE in Carlisle, PA. In all, more than 222 households were provided with basic meal preparation supplies.
Project SHARE is an interfaith cooperative effort, begun in 1985, involving local congregations, schools and civic organizations. Contributions of food, clothing, money and volunteerism provide basic assistance to more than 1,000 families each month. Assistance is provided in the communities of Carlisle, Carlisle Springs, Mt. Holly Springs, Boiling Springs, Gardners, Plainfield, New Kingston and Middlesex. Of those needing assistance, 20% are seniors and nearly 30% are children.
“Belco is proud to support Project SHARE. Our employees want to give back to the community and this is just one way of doing so. Many people have difficulty making ends meet and putting food on the table for their families. We want to do our part by supporting organizations who are there to assist these families,” said Sam Glesner, Senior Vice President at Belco.
BELCO WELCOMES FIRST BABIES OF 2018
Harrisburg, PA (1/03/18) – Belco Community Credit Union recently took part in welcoming ten area New Year’s babies by partnering with local hospitals, Belco donated a gift basket to the parents of the first baby born in the New Year. The local hospitals included: UPMC Pinnacle Harrisburg, UPMC Pinnacle Lititz, UPMC Pinnacle Carlisle, UPMC Pinnacle Memorial in York, UPMC Pinnacle Hanover, Women’s & Babies Hospital – Lancaster General Health, WellSpan Gettysburg Hospital, WellSpan Good Samaritan Hospital in Lebanon, Penn State Health Milton S. Hershey Medical Center, Geisinger Holy Spirit Hospital in Camp Hill.
Each basket included a congratulations letter from Belco and a gift certificate for $50 to go towards their child’s first savings account, as well as, various baby supplies, toys, and gifts.
“Belco has a longstanding tradition of providing baskets to local hospitals to recognize the first baby born in the New Year. What is more fun than providing an unexpected gift basket filled with goodies for a new born? This is a small token of congratulations and our way of helping young families get a strong first start for their child’s financial future,” said Amey Sgrignoli, President and CEO.
BELCO COMMUNITY CREDIT UNION NAMES
NEW SUPERVISORY COMMITTEE MEMBER
Harrisburg, PA (12/7/17) – Harrisburg-based Belco Community Credit Union recently appointed Eric Leidigh to the Supervisory Committee. Leidigh replaces Joe Giammatteo, who resigned earlier this year. Leidigh is the owner of Leidigh’s Heating & Air Conditioning in Marysville.
“We are excited to see Eric advance to the Supervisory Committee,” said Amey Sgrignoli, Belco President and CEO. “He brings a small business perspective to the committee and has shown a commitment to learning the credit union business. We are grateful for his volunteerism and membership at the credit union.”
Leidigh has been an Associate Volunteer since April 18, 2016, and he was officially appointed to the Supervisory Committee on November 27, 2017.
The current Supervisory Committee is comprised of Jesus J. Barrera, Chair; Chris R. Feather, Secretary; and members Gina M. Bond, Nancy Clay, and Leidigh.
BELCO PARTICIPATES IN #GIVINGTUESDAY
November 28, 2017
Harrisburg, PA (11/28/17) – Belco Community Credit Union gave back to the community on #GivingTuesday, November 28, 2017. This year, Belco donated $1,000 to the Mission Central, a non-profit organization that is based in Mechanicsburg PA and is a “global” mission warehouse for disaster relief and connection resources with human need transforming lives locally, nationally, and globally.
“It’s always important to step back and remember what the Holiday Season is all about,” said Adam Stewart, Belco Vice President of Marketing. “#GivingTuesday goes hand in hand with the credit union’s core philosophy of People Helping People.”
The nationwide #GivingTuesday movement began in 2012, when organizers sought to establish a day to encourage charitable giving at the start of the holiday season, as an alternative to the consumer excess of Black Friday and Cyber Monday. Coinciding with Thanksgiving and the kickoff of the holiday shopping season, #GivingTuesday is designed to inspire people to take collaborative action to improve their local communities, to give back in better, smarter ways to the charities and causes they support, and to help to create a better world.
BELCO CELEBRATED INT’L CREDIT UNION DAY
& CHILDREN MIRACLE NETWORK
Harrisburg, PA (11/21/17) – Belco Community Credit Union celebrated International Credit Union (ICU) Day® on Thursday, October 19, 2017 at all branch locations. ICU Day honors the history, tradition, and spirit of the international credit union movement of 68,000 credit unions in 109 countries that serve 231 million members.
ICU Day is an annual Belco tradition, with plenty of fun for everyone, including a free hot dog lunch, prize drawings, free giveaways, and an employee bake sale at all branches with 100% of the proceeds going to Children’s Miracle Network. On Oct. 19, Belco also donated 5 cents for each debit and credit card transaction to Children’s Miracle Network. Combining both fundraisers, Belco raised a total of $2,480.51.
Children’s Miracle Network Hospitals® is an international non-profit organization that has affiliations with 170 children’s hospitals. Children’s Miracle Network at Penn State Children’s Hospital at Penn State Health Milton S. Hershey Medical Center serves the Harrisburg, Lancaster, Lebanon and York region
Belco’s Sr. Vice President Goes Over The Edge to Raise Funds
Harrisburg, PA | October 18, 2017 — On Friday, October 13, 2017, Belco Community Credit Union Sr. Vice President/Big Brothers Big Sisters of the Capital Region Board Chairman, Paul Perini III, rappelled from Market Street Plaza in Harrisburg to raise $1,750 in donations for the Big Brothers Big Sisters of the Capital Region Over the Edge fundraiser.
Over The Edge is a unique and thrilling opportunity to support Big Brothers Big Sisters of the Capital Region by rappelling from the roof of the Market Square Plaza building in downtown Harrisburg to raise awareness as well as funds. Rapellers were encouraged to raise $1,000 using an online fundraising platform, and, in turn, were able to rappel 18 floors, or 220 feet, from the roof of the Market Square Plaza. More than 60 individuals participated and raised greater than $82,000.
“I have been involved with BBBS of the Capital Region for over 14 years. Mentoring and coaching our youth through one-on-one interactions and dialogue is a rewarding experience and a valuable part of my life, both on a personal level and as a part of Belco’s leadership team,” says Paul Perini III, Belco Sr. Vice President. “It’s important that as cooperatives we continue to look for ways to give back to the communities we serve. Belco, along with many of the central PA credit unions, is proud to support such a great cause and looks forward to many future partnerships and events to show that support.”
Big Brothers Big Sisters of the Capital Region mission’s is to provide children facing adversity with strong and enduring, professionally supported one-to-one relationships that change their lives for the better, forever. By partnering with parents/guardians, volunteers and others in the community are accountable for each child in the program to achieve higher aspirations, greater confidence, better relationships, good behaviors, and encourage successful education.
BELCO COMMUNITY CREDIT UNION & EMPLOYEES
SUPPORT MISSION CENTRAL IN HURRICANE RELIEF
HARRISBURG, PA (9/20/17) – Belco Community Credit Union supports Mission Central Hurricane Relief efforts. On Tuesday, September 19, eight Belco employees volunteered to help fill cleaning buckets with items needed to aid those who were victims of the recent hurricanes. Belco also made a $500 donation to Mission Central for Hurricane Relief.
“We are proud to continue our support to Mission Central. Our employees want to give back to the community in many ways; this is just one of them,” said Amey Sgrignoli, President/CEO of Belco. Sgrignoli is also a Board Member at Mission Central.
Belco is also sponsoring and participating in Mission Central’s “Missions in Motion” 5K Race/Walk on Saturday, October 28, 2017. The event is being held to help with their daily expenses. Mission Central was able to move more than $7 million in donated resources through their warehouse last year, reaching 3.3 million people. Sixty-Eight percent of their warehouse output remains in PA.
Mission Central is the mission warehouse of the Susquehanna Conference of the United Methodist Church. Since its beginning in 2002, Mission Central has had three points of focus: Disaster Response, Mission Outreach and Mission Education.
BELCO PARTICIPATES IN MIRACLE JEANS DAY TO BENEFIT
CHILDREN’S MIRACLE NETWORK
Harrisburg, PA (9/14/17) – Belco Community Credit Union employees participated in Children’s Miracle Network’s Miracle Jeans Day on Wednesday, September 13, 2017. Fifty-three employees participated and raised $590.50 in donations. Employees were encouraged to donate $5 to wear jeans, many employees also bought and wore Miracle Jeans Day t-shirts to show their support of our local children’s hospital, Penn State Children’s Hospital in Hershey, PA.
Children’s Miracle Network Hospitals treat 17 million children each year for every disease and condition imaginable—from asthma and broken bones to cancer and heart defects. Each year, Children’s Miracle Network Hospitals adopt life-saving equipment, perform breakthrough research and provide more than $2.5 billion in charitable care. CMN Hospitals are committed to serving children above all else.
Harrisburg, PA (8/22/17) Belco Community Credit Union purchased Box Car Indy books which were distributed to some 1,000 students at Representative Mike Sturla’s 6th annual back-to-school giveaway. The event took place Saturday, Aug. 12 at the Clipper Magazine Stadium in Lancaster.
Belco Community Credit Union Contributes to Backpack Giveaway
Five Belco employees participated in handing out the books, Box Car Indy hats and account certificates to families with children entering kindergarten through fifth grade. Author Tracey Jones from Tremendous Life Books also attended the event. A special appearance was made by “Indy” the dog, who is featured in the book. Students received a copy of the book with Indy’s ‘pawdograph’.
The purchase of the books was funded in part through a financial literacy grant from the Pennsylvania Credit Union Foundation. Those attending the event received everything to get ready for back-to-school, including backpacks, school uniforms, shoes, supplies, haircuts and other necessary items.
The event was open to all, however, backpack, uniform and shoe giveaways were only for children entering kindergarten through fifth grade within the School District of Lancaster service area. The event also featured face painting, free haircuts, food, music and information for schools and community organizations to prepare for the school year.
“We like to focus our efforts to the local communities we serve,” said Amey Sgrignoli, CEO. “We know there is a great need, especially around back-to-school time. We do the best we can to make an immediate impact on families and children in our communities. It is a good feeling to know we are making a difference in the lives of children in need.”
CORNERSTONE FCU MEMBERS APPROVE MERGER WITH BELCO
Harrisburg, PA (3/3/17) – On March 2, 2017, members of Cornerstone Federal Credit Union voted in favor of the merger with Belco Community Credit Union. The merger is expected to be finalized in September 2017, and will result in Belco serving nearly 65,000 members in the central Pennsylvania area, with assets exceeding $555 million.
The merger received initial approval in October 2016 from both Boards of Directors. Regulatory approvals for the merger were received in February 2017 from the PA Department of Banking and the National Credit Union Administration.
“We are excited to announce the approval of a partnership that will offer numerous advantages to both members and employees moving forward,” said Amey Sgrignoli, President/CEO of Belco. “This merger brings together two strong credit unions, positions the future credit union for continued growth, and allows us to increase our competitiveness in the marketplace. The efforts of both credit unions to get to this point emphasizes our commitment to collaboration among cooperatives to benefit our members.”
Belco and Cornerstone share a similar history, as both were originally founded to serve local telephone company employees. Belco was founded in 1939 by 25 employees of Bell Telephone Company. Today, Belco serves 54,000 members, operates 11 branch offices, and has assets of more than $450 million. Cornerstone was founded in 1974 by employees of the United Telephone Company – Eastern Group, and grew to serve over 11,000 members from three full-service branches in Carlisle and Newville, as well as a student-run branch at Big Spring High School in Newville. In 2015, assets topped $100 million.
“Belco Community Credit Union was identified as the ideal merger partner because of its shared focus on exceptional member service and community involvement, its long history of financial stability, and its willingness to allow us to preserve our local roots,” said Sam Glesner, current CEO of Cornerstone FCU, who will become part of Belco’s executive team following the merger. “Our goal was to ensure long term sustainability for our members and employees, and we are confident that this merger will accomplish that.”
The Belco Community Credit Union name will remain the same. Leaders from both credit unions are working on the details of how to preserve the Cornerstone brand and its long-standing legacy.
No branch locations will close as a result of this merger, and the approximately 200 employees of both credit unions will be retained. Over time, employees are expected to benefit from new professional opportunities as a result of the merger.
“We warmly welcome the members of Cornerstone to the Belco family, and we look forward to working with our new employees to offer added convenience and enhanced technology to our entire membership, while perpetuating the ‘people helping people’ philosophy that guides all credit unions,” added Sgrignoli.
Belco membership is open to anyone who lives, works, worships, volunteers or attends school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or York counties. The credit union offers a full range of financial services, including traditional and high-yield checking and savings accounts, free online and mobile banking with bill payer, remote deposit, consumer loans, credit cards, retirement/investment services, mortgage loans, and more.
Credit unions are voluntary, cooperative organizations that operate as not-for-profit institutions with volunteer board of directors. Members are the owners and contribute to and democratically control the financial success of the cooperative. Credit unions typically offer better rates, fees and service than for-profit financial institutions. Credit unions were founded on seven principles grounded in the philosophy of cooperation and the central values of equality, equity and community commitment.