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Coastal Credit Union Foundation COVID-19 Relief Funding Exceeds $1 million

The following post is provided by the Carolinas Credit Union League, a trade association that represents member credit unions in the U.S. states of North Carolina and South Carolina.

The Coastal Credit Union Foundation announced that it will provide an additional $300,000 in grants that will be used to provide community assistance in response to the COVID-19 pandemic.

Including previously-announced grants, the foundation’s COVID-19 response to date now totals more than $1,000,000.

The latest package includes a $50,000 grant to the Wake Tech Foundation’s Completion Scholarships program, which aims to help well-performing students for whom financial concerns are the only remaining barrier to finishing their education. As students are feeling the economic impacts of COVID-19, financial hardships are a growing cause for students falling short of earning a degree.

The remaining $250,000 are unrestricted grants, supporting the following local nonprofits:

Coastal’s Foundation has provided grants to organizations that reach all of the 16 counties that Coastal Credit Union serves. The Foundation has been selecting local organizations based on their capability of immediately putting funds to work in the communities the credit union serves, to help people who have been affected by the various impacts of COVID-19.

The Coastal Credit Union Foundation is a separate entity from Coastal Credit Union, with its own board of directors. It is structured as a donor-advised fund within the Carolinas Credit Union Foundation. The mission of the Foundation is to enrich the lives of our members and their communities by providing financial support to 501(c)(3) organizations, particularly in the 16 county market of central North Carolina.