Service Credit Union in Portsmouth launched the Service CU Impact Foundation to increase its community give back and to promote initiatives that affect the areas it serves.
“As an organization dedicated to supporting our communities, with giving back at the core of everything we do, it was critical for us to have a dedicated arm with which we could support our critical initiatives,” says Service Credit Union President and CEO David Araujo, who also serves as president and chair of the Impact Foundation.
"We are excited to finally announce the launch of the foundation, and look forward to making even more of a difference to those who need it than ever before,” he said.
Focus areas include shelter and supportive housing, providing essential resources such as clothing and furniture, and providing both financial and emergency assistance for veterans, such as suicide risk intervention and prevention. The Foundation also supports scholarships for members, as well as charitable grants. Qualified applicants can submit a form to be reviewed by the foundation’s board of directors.
In April, the credit union opened up its foundation website to allow members to donate to nonprofits that help those affected by COVID-19, which the credit union then matches. Recipients of the funds include the Chaplain’s Emergency Relief Fund, Homeland Heroes, Child Advocacy and Protection Program, and the NH Food Bank.
On September 1, the Foundation will host its first Charity Golf Classic event at the Wentworth by the Sea Country Club in Rye.