SECU Foundation Marks 20 Years of Impactful Giving to North Carolina Communities in All 100 Counties
2024年8月2日 - 10:41PM
SECU Foundation is celebrating a significant milestone – marking
its 20-year anniversary of impactful funding in support of its
mission to help identify and address large scale community issues
and to promote local and community development in North Carolina.
To date, the largest charitable organization in the credit union
industry has committed over $300 million in scholarships, grants,
and loans to benefit North Carolinians in all 100 counties of the
state.
One of the most remarkable aspects of SECU
Foundation’s work is the overwhelming support it receives from the
members of State Employees’ Credit Union (SECU) who fund the
Foundation. Over 99% of SECU members with active checking accounts
contribute through the reallocation of their $1 monthly maintenance
fee. The unique funding concept is known as the Power of a
Dollar.
“When SECU Foundation was established in 2004,
we never realized the far-reaching, positive impact that SECU could
have on North Carolina communities through the Foundation,” said
SECU President and CEO Leigh Brady. “I’ve been amazed to watch the
Foundation’s growth and development of grantmaking programs that
have been transforming the work of non-profits and the people that
they serve.”
“It’s an exciting yet humbling time for us as we
celebrate the incredible impact our work has made and the lives we
have touched along the way,” said SECU Foundation Executive
Director Jama Campbell. “The Foundation’s success, growth, and
longevity are a true reflection of SECU members’ generosity and
commitment to our mission and hopefully creating a ripple effect of
positive and lasting change in our communities and state. I’m
thrilled with what has been accomplished thus far, and I am eager
to see what the future holds.”
SECU Foundation has used its collective
contributions to address and raise the visibility of community
issues in its core funding areas of education, housing, healthcare,
and human services. Notable highlights include:
- Awarded more than 16,000
scholarships to students attending North Carolina public
universities and community colleges though its commitment to higher
education.
- Funded over 200 unique
non-profit initiatives for affordable housing, homeless
shelters, healthcare for the underserved, food insecurity, child
advocacy and youth services, and disaster relief to help address
critical needs of communities and enhance the quality of life for
residents.
- Implemented the Mission
Development Grant program in 2017, providing over $3.5
million in funding to help 89 non-profits build organizational
capacity, future growth, and sustainability.
- Teamed up with SECU to provide $16
million in disaster relief efforts and operational
support to North Carolina non-profits during
COVID-19.
- Created Disaster Response
Pilot in 2023, providing $110,000 in funding to help
address capacity building for North Carolina non-profits located in
disaster areas as declared by federal or state governments.
“As we celebrate the Foundation’s 20th
anniversary, I can’t help but reflect on the meaningful
collaborations that have brought together non-profits, educators,
and local organizations to improve the lives of North Carolinians
and foster community and economic development throughout the
state,” said SECU Foundation Board Chair Chris Ayers. “I look
forward to what we can accomplish in the next 20 years as we
broaden our efforts to make an even greater impact across our great
state.”
About SECU and SECU
FoundationA not-for-profit financial cooperative owned by
its members, and federally insured by the National Credit Union
Administration (NCUA), SECU has been providing employees of the
state of North Carolina and their families with consumer financial
services for 87 years. SECU is the second largest credit union in
the United States with $56 billion in assets. It serves more than
2.8 million members through 275 branch offices, over 1,100 ATMs,
Member Services Support via phone, www.ncsecu.org, and the SECU
Mobile App. The SECU Foundation, a 501(c)(3) charitable
organization funded by the contributions of SECU members, promotes
local community development in North Carolina primarily through
high-impact projects in the areas of housing, education,
healthcare, and human services. Since 2004, SECU Foundation
has made a collective financial commitment of over $300 million for
initiatives to benefit North Carolinians statewide.
Contact: Jama Campbell,
Executive Director, secufoundation@ncsecu.org
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/edfd1dcf-bf7c-4889-910b-38d43e6225c0