An Endowment Fund is a philanthropic entity aimed at realizing or supporting other non-profit organizations in the achievement of a work or mission of general interest.
Origins and Mission
It was in the spring of 2023 that the Board of Directors of Crédit Mutuel Arkéa decided to create an endowment fund, called the Crédit Mutuel Arkéa Endowment Fund. After a testing period conducted in the last quarter of 2023, in 22 local branches of Crédit Mutuel de Bretagne and Crédit Mutuel du Sud-Ouest, the Crédit Mutuel Arkéa Endowment Fund was operationally launched in January 2024.
After a testing period conducted in the last quarter of 2023, in 22 local branches of Crédit Mutuel de Bretagne and Crédit Mutuel du Sud-Ouest, the Crédit Mutuel Arkéa Endowment Fund was operationally launched in January 2024.
The objective of the Crédit Mutuel Arkéa Endowment Fund is to support and assist individuals in difficulty and non-profit organizations throughout France in culture, sports, heritage, health, education, integration, disability, food aid, etc. The Crédit Mutuel Arkéa Endowment Fund may thus offer financial support to individuals in case of life accidents or support charitable associations through financial or in-kind donations, such as donating computer equipment.
Why did we create this fund ?
The Endowment Fund of Crédit Mutuel Arkéa was created to strengthen and enrich the group's philanthropic and solidarity activities. This endowment fund therefore complements the solidarity initiatives carried out for many years by the Federations of Crédit Mutuel de Bretagne and Crédit Mutuel du Sud-Ouest.
The creation of the Endowment Fund of Crédit Mutuel Arkéa is an additional expression of our mutualistic and cooperative DNA. It reflects our values of solidarity, ethics, and inclusion. The structures supported by the Endowment Fund often lack the time and means to make their actions and usefulness visible. As a mission-driven bank, we are obligated to support and accompany them. We aim to play a role in changing perspectives and mindsets on social, societal, and environmental issues, essential for transforming society sustainably and profoundly to make it more inclusive and just. The objective of the Endowment Fund of Crédit Mutuel Arkéa is to promote solidarity and well-being, here and now.
Sophie Violleau, President of the Endowment Fund of Crédit Mutuel Arkéa
"In keeping with our cooperative and mutualist values, the directors and employees of the local Caisses du Crédit Mutuel de Bretagne and Crédit Mutuel du Sud-Ouest are key players in the solidarity initiatives. They are the guarantors of a lasting relationship of trust with all our members and customers, and provide very practical support to the most vulnerable families, as well as to associations and companies in difficulty. The creation of the Crédit Mutuel Arkéa Endowment Fund is perfectly in line with our commitment as a company with a mission, and aims to support a number of local initiatives and coordinate the group's philanthropic actions."
Julien Carmona, Chairman of Crédit Mutuel Arkéa and Crédit Mutuel de Bretagne
How does it work in practice ?
The Endowment Fund of Crédit Mutuel Arkéa aims to offer strategic management of the cooperative banking group's solidarity engagement to ensure coherence at the local level, as well as on a national scale.
In line with the group's mission-driven objectives, the board of directors of the Endowment Fund, chaired by Sophie Violleau, President of Crédit Mutuel du Sud-Ouest and Vice-President of Crédit Mutuel Arkéa, decides on the allocation of grants to support and make visible on-the-ground actions for societal and environmental transitions.
The Endowment Fund operates through a decentralized organization closely tied to local territories. Decisions are made by competent territorial committees, supported by local teams of Crédit Mutuel Arkéa. Local and regional committees ensure the allocation of assistance to associations and individuals in line with the commitments of local branches.
The board of Directors
| Sophie Violleau Chairwoman |
Cédric Malengreau Board Member (Crédit Mutuel Arkéa) |
Cécilia Francioli De Monner Board Member (Crédit Mutuel du Sud Ouest) |
| Alain GRALL Board Member (Crédit Mutuel de Bretagne) |
Anne Malzhan Board Member (Crédit Mutuel de Bretagne) |
Erwan Meudec Board Member (Crédit Mutuel de Bretagne) |
The dedicated team
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- Elise PENNEC, Sponsorship Manager,
- Bérengère BANQUEY, General Delegate,
- Anne-Sophie RIMBERT, Sponsorship Manager
(from left to right)
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With the dedicated team of the Endowment Fund, we have the privilege every day to work for humanity, to extend a helping hand to those in need, and to shape a more solidary future. It is an honor to carry this commitment at the heart of our action. Each support provided demonstrates Crédit Mutuel Arkéa's determination to make our society fairer and more inclusive.
Bérengère Banquey, General Delegate of the Endowment Fund of Crédit Mutuel Arkéa
