As the nation begins to reopen from coronavirus (COVID-19) restrictions, credit union continue to assist their communities in recovery efforts.
During May, Town & Country Credit Union, Scarborough, Maine, asked for visitors to its Facebook page to highlight a nonprofit in Maine’s Cumberland and York counties. Each day, the credit union randomly selected a nonprofit and made a $100 contribution to the organization. In total, 31 nonprofits shared in contributions totaling $3,100.
Rivermark Community Credit Union, Beaverton, Ore., is donating $10,000 to the Oregon Food Bank, and is inviting other local businesses to join in this fundraising effort to address a dramatic increase in need. Rivermark Community’s donation supplements the funds it raised and the 102,000 pounds of food it collected for Oregonians in need during the KGW Great Food Drive in March.
Park Side Credit Union, Whitefish, Mont., donated $10,000 to area food banks and other organizations that support the community with meals, healthy snacks, and food packages. Credit union employees also rolled up their sleeves to help, contributing more than 24 hours of service.
Anaheim Hills, Calif.-based Credit Union of Southern California celebrated Giving Tuesday, May 5, a global day of unity, by donating $230,000 to 20 Whittier area charities and nonprofit organizations. It also donated $100,000 donation to its employee-inspired charity, CU SoCal Helping Hands.
Since Honor Credit Union, Berrien Springs, Mich., announced a relief package in early March, members have saved $366,598 in fees waived, and $491,495 has been disbursed in financial relief loans. The Paycheck Protection Program provided funding for 441 loans, totaling more than $30 million in assistance for small businesses. Honor spent more than $2,000 for team lunches across 24 member centers throughout Michigan to support business members in local communities. Team members received $100 each to support local businesses, totaling $34,000 toward economic giveback.