Democracy Federal Credit Union Wins Award for Financial Aid Program


To help the community of Alexandria during the pandemic, the Democracy Federal Credit Union has supported food banks in the region and more. For their efforts, they won the prestigious Diamond Award. (Photo courtesy Democracy Federal Credit Union)

ALEXANDRIA, VA-In March 2020, the coronavirus pandemic arrived in Alexandria, changing the way residents lived almost immediately. As schools and businesses close their doors, Democracy Federal Credit Union (DFCU) has devised ways to help the community.

For their efforts, the DFCU recently received a Diamond Award from the Credit Union National Association. The Diamond Awards represent the pinnacle of credit union marketing and business development. The financial institution, founded in 1936, won in the Crisis Management category for its 90 Days of Giving program. In all, there were 1,278 entries in 35 categories.

Ken Cahoon, President / CEO of DFCU, noted that the staff are honored and appreciated by the award.

“When the world entered a global pandemic, we were able to mobilize and support our community in an instant,” he said.

The 90 Days of Giving program has helped in several ways. It included cash donations to food banks and financial assistance to those in need. To view highlights of different program components, click HERE.

“The Diamond Awards competition is the most prestigious competition for marketing and business development excellence in the credit union industry,” said Amy McGraw, President of the Diamond Awards. “Credit unions receiving these awards should be extremely proud of their accomplishments and know that their work represents the best examples of creativity, innovation, relevance and execution.”

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