Vacaville, CA – Travis Credit Union today announced that it has launched and implemented its $1 million philanthropic initiative, which was disbursed to local organizations working to provide COVID-19 related relief to non-profits primarily focused on services in the areas of education, youth/family, food banks and small business support. These nearly 100 non-profits in the counties of Merced, Napa, Solano, Contra Costa, and Yolo were notified via personal phone calls, including several from Barry Nelson, president and CEO of TCU.
In determining the donation amount allocated for each agency, TCU considered the organization’s total size, scope of service, statement of immediate needs, as well as all facets of support being offered to local individuals and families impacted by COVID-19.
The $1 million in donations represents TCU’s commitment to serve as a financial institution that truly cares about the community’s financial needs and well-being. In addition, TCU intends to match up to $4,000,000 given to the TCU Foundation from other organizations, corporations and individuals.
Merced County Food Bank was one of the local nonprofits who received notification of the donation via Zoom call on Friday afternoon. Joseph Hypes, director of development for the Merced County Food Bank, accepted the donation.
“With so many layoffs happening all over the place, all the food banks are seeing a huge increase,” said Hypes on the call. “One of our pantry sites that normally sees about 300 people, at one point got close to 600 people.
“This donation is going to help out a lot of people,” said Joseph. “And it’s going to help us find food…it’s been a struggle.”
“We’re hoping this philanthropic initiative encourages other organizations, corporations and individuals to join the TCU Foundation as new community partners, enabling us to do even more to help organizations that are so essential to lessening the impact of the pandemic,” said Nelson. “We ask that you please visit tcufund.org today to become a partner of the foundation, make a much-needed donation, and help raise hope in our communities.”
In Merced County the following non-profits received funds:
- Atwater Chamber of Commerce
- Greater Merced Chamber of Commerce
- Merced County Office of Education
- Merced County Food Bank
- Merced County Hispanic Chamber of Commerce
- Merced County Rescue Mission
For further information and a list of all donation recipients, please visit traviscu.org.
Headquartered in Vacaville, California, Travis Credit Union is a not-for-profit cooperative financial institution serving those who live, work, worship, or attend school in Alameda, Colusa, Contra Costa, Merced, Napa, Placer, Sacramento, San Joaquin, Solano, Sonoma, Stanislaus, and Yolo Counties. Currently, Travis Credit Union is the 13th largest credit union in California with more than 214,000 members and more than $3.9 billion in assets. As one of the leading financial institutions in Solano, Contra Costa, Napa, Yolo, and Merced Counties, Travis Credit Union’s strength lies in its faithful commitment to its members and the community; its solid, secure history; and its long-standing track record of dedicated service.