Providence Federal Credit Union Donated $50,000 to Helping Hands Fund
January 27, 2017
PORTLAND, Ore., (January 18, 2017)—Providence Federal Credit Union (Providence FCU) today announced a $50,000 contribution to the Providence Helping Hands Fund in support of the fund’s mission to provide for Providence caregivers facing significant financial hardship. The announcement follows the credit union’s pledge in the fall of 2016 to match dollar-for-dollar individual donations up to $50,000 made to the fund to ensure its long-term sustainability.
“The Providence Helping Hands Fund offers hardworking caregivers in our community financial assistance when they need it most,” said Providence FCU President & CEO Shirley Cate. “When we learned that the fund was itself in need of contributions due to increased demand within the Providence family the last few years, we set a goal to match up to $50,000 dollars to encourage giving. The fact that we met our goal is special because it represents so much more than a check. It represents the entire Providence community coming together to support one another.”
Each year, the Providence Helping Hands Fund provides confidential support (financial and other resources) to eligible Providence caregivers who are struggling and need temporary help paying rent or utilities, escaping domestic abuse, covering medical bills, providing food for their families or meeting other basic needs. In 2016 alone, the fund provided roughly $200,000 in financial assistance to 220 caregivers. Unforeseen illness and housing were among the most pressing needs last year.
According to Tam Everard, Development Coordinator for Providence Portland Medical Foundation, which administers locally the Helping Hands Fund and the health system’s other charitable initiatives, the demand for assistance has never been greater.
“Providence FCU’s support was an important part of our most recent Providence Health & Services Giving Campaign,” said Everard. “The contribution not only meets a critical funding need, the credit union’s pledge to match donations helped generate engagement that translated into one of our most successful campaigns in recent memory. Most importantly, the Helping Hands Fund now has a much brighter future as a sustainable resource for caregivers in need who give so much to help others.”
ABOUT PROVIDENCE FEDERAL CREDIT UNION
Providence Federal Credit Union was founded in 1962 with over $127 million in assets and serves 15,000 members. The credit union serves Providence Health & Services employees and employees in the health care industry in Oregon and Washington with two full-service branches and three service centers in Oregon. To learn more about Providence Federal Credit Union, visit www.providencecu.org.