Suncoast Credit Union Donates $1 Million to Coronavirus Relief Efforts

TAMPA, FL (May 4, 2020) – Suncoast Credit Union, Florida’s largest credit union, announces a one million dollar donation to provide economic relief to those affected by COVID-19 in the communities the credit union serves.

As an essential service provider, the credit union has been on the front lines interacting from a safe distance with employees and members who have also been affected. That unique window created the will to assess and assist with problems associated with the coronavirus. After careful review, executives of the credit union made the decision to focus on three primary areas of need that correlate to the history and core values of the credit union. These key areas have been seriously affected by the COVID-19 pandemic and specific organizations names are attached. Funds will be distributed to relieve stress in the areas of: - Healthcare - Hunger - Education.

While Suncoast has been an active member of the communities it serves both as a community partner and through the funding of the Suncoast Credit Union Foundation, this donation is the first of its size during the credit union’s 86 year history.

“While we are focused on supporting our members financially, we feel a moral obligation to support other basic needs during this very challenging time. We admire and are inspired by other charitable organizations who are providing relief through private donations like ours,” said Suncoast Credit Union President & CEO Kevin Johnson, shown in photo. “People are struggling through no fault of their own and because of the support of our Board of Directors, Suncoast is committed to doing what we can to address these serious needs.”

Organizations will be notified of specific donations beginning the first week of May. Organizations have been selected due to need, viability and sustainability and with consideration to the Mission, Vision and Core Values of Suncoast Credit Union.

In 1990, Suncoast Credit Union founded the Suncoast Credit Union Foundation, a 501(c)(3) non-profit organization established to benefit sick children and their families and to support educational initiatives. The foundation is a vehicle for Suncoast to support the communities served and assist residents who live there. Since its inception, the Foundation has raised and donated over $29 million to help provide a better future for the children of the communities Suncoast serves. In 2019, the Foundation donated $3.5 million. This particular contribution is separate from and in addition to the Foundation giving.

Suncoast Credit Union is the largest credit union in the state of Florida, the ninth largest in the United States based on membership, and the 10th largest in the United States based on its $11.4 billion in assets. Chartered in 1934 as Hillsborough County Teachers Credit Union, Suncoast Credit Union currently operates 71 full-service branches and serves more than 884,000 members in the following 39 Florida counties: Alachua, Brevard, Broward, Charlotte, Citrus, Clay, Collier, DeSoto, Dixie, Duval, Gilchrist, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lake, Lee, Leon, Levy, Manatee, Marion, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Sarasota, Seminole, St. Johns, St. Lucie, Sumter and Volusia. Since its founding in 1990, the Suncoast Credit Union Foundation has raised and donated more than $29 million to organizations and initiatives that support the health, education and emotional well-being of children in the communities that the credit union serves. For more information, visit: suncoastcreditunion.com or follow us on social media at: Facebook.com/SuncoastCreditUnion, Linkedin.com/company/suncoastcreditunion, Twitter.com/ SuncoastCU or Instagram.com/suncoastcreditunion.