2014 VolunteerMatch Corporate Volunteer Awards: A Look at Finalist 1st Source Bank

On September 19, 2014, winners of the 2014 VolunteerMatch Corporate Volunteer Awards will be announced at our annual VolunteerMatch Client Summit in Detroit, Mich. In this series of posts, we’ll introduce you to people and ideas behind the ten most effective employee volunteer programs in our family of corporate clients, determined by performance against four benchmark measures in 2013.

What makes your employee volunteer program special?

A team of 1st Source employees volunteer with Rebuilding Together to improve the home of a low-income resident in South Bend.
A team of 1st Source employees volunteer with Rebuilding Together to improve the home of a low-income resident in South Bend.

1st Source Bank, based in South Bend, IN, is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. This past year, 1st Source celebrated 150 years of service to its clients and the community. Being volunteer leaders in the community has been one of the company’s principal values since its founding, and it holds true today.

Key focus areas of the program include education, affordable housing, and financial literacy. Employees regularly assist with building Habitat for Humanity homes, repairing homes through Rebuilding Together, and mentoring local students.

What are some key accomplishments from 2013 you’re especially proud of?

This year, 1st Source partnered with Junior Achievement again to bring “JA in a Day” to a local elementary school. Thirty-one bank employees volunteered their time to teach financial literacy to 325 K-4 grade school students. The day was a valuable learning experience for bank employees and students alike!

1st Source employees join together for Junior Achievement’s “JA in a Day” at Warren Primary Center. Thirty-one bank employees taught financial literacy to 325 K-4 grade school students.
1st Source employees join together for Junior Achievement’s “JA in a Day” at Warren Primary Center. Thirty-one bank employees taught financial literacy to 325 K-4 grade school students.

Another key project this year was the Volunteer Income Tax Assistance Super Saturday, in which 1st Source volunteers joined with the United Way to prepare and e-file income taxes free of charge for lower income individuals. 1st Source volunteers also raised funds for worthwhile organizations by forming countless walk teams and even “spinning” in support of mammogram funding.

1st Source employees volunteered almost 27,000 hours in 2013, an increase of more than 2,000 hours from the year prior. More than 45% of the company’s employees were active volunteers, and averaged 52 hours of volunteer activity per employee for the year. Based on an estimated $22 per hour value of volunteer time, 1st Source employees contributed almost $600,000 of volunteer services in their communities.

How do you get employees excited and involved in volunteering?

1st Source employees volunteering at La Casa’s Help-A-House. The 1st Source team helped replaced a roof and more for an elderly homeowner in need.
1st Source employees volunteering at La Casa’s Help-A-House. The 1st Source team helped replaced a roof and more for an elderly homeowner in need.

1st Source encourages its employees to use VolunteerMatch to communicate volunteer opportunities, and internal messages to direct employees to the VolunteerMatch system.

The company communicates bank-wide each quarter the volunteer hours for business units and regions. This creates some competition in the bank and is a reminder to use VolunteerMatch.

Kudos to 1st Source Bank for being a leader in employee engagement and inspiring social impact!

Stay tuned for more finalist profiles in the coming weeks, and announcement of the winners on September, 2014 during the 2014 VolunteerMatch Client Summit.


2 thoughts on “2014 VolunteerMatch Corporate Volunteer Awards: A Look at Finalist 1st Source Bank”

  • 1
    Holly Young on July 9, 2014

    I was so pleasantly surprised not only to find this website – but to read about 1st Source Bank and what they do for the South Bend community! I was spending a few minutes researching charitable organizations in South Bend and how one might motivate coworkers to get involved. I love the concept of a platform for people to log their service hours. And I loved reading about the bank who serves our company! I am very inspired.

  • 2
    Shari Ilsen on July 21, 2014

    So glad you were inspired, Holly! And if you want to learn more about the platform 1st Source Bank uses to track employee volunteer hours, let us know – happy to give you more info.

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