After the charities it supports told Pacific Service Credit Union that the demand for assistance by families and individuals had dramatically increased over the past year, the credit union stepped up donations to non-profit organizations this holiday season.
“The suffering caused by our struggling economy is heart-wrenching and unacceptable”, stated Steve Punch, president and CEO of Pacific Service Credit Union. “Many of the charitable organizations we work with tell us assistance necessary for needy families has increased by as much as 50%,” Punch added.
The credit union donated funds to ten non-profit organizations that will provide meals, groceries, blankets and toys this holiday season. The number of 2011 holiday meals provided by the credit union totals 130,000. Last year donations provided by Pacific Service CU provided 96,000 meals, bringing the total of holiday meals provided over the last three years to 300,000 in the communities the credit union serves.
Organizations receiving 2011 funding from Pacific Service CU to provide groceries and meals include:
- Food Bank of Contra Costa and Solano Counties
- Salvation Army in Contra Costa and Fresno Counties
- Bay Area Rescue Mission in Richmond
- Huckleberry Youth Program in San Francisco and Marin Counties
- Loaves and Fishes of Contra Costa County
- Friends of Oakley in Oakley
- Bay Area Crisis Nursery in Walnut Creek
- Open Heart Kitchen in Livermore
- Society of St. Vincent de Paul in Pittsburg
- Poverello House in Fresno
“We are putting our full effort into our partnerships with local charities to assist those in need. I am particularly proud of the generosity our employees have personally demonstrated in helping others,” said Punch. “Our Board of Directors continues to lead the way in supporting organizations that provide food and basic necessities for those in desperate need especially at this critical time.”
Employees Pitch In
In addition to corporate donations this holiday season, employees of the credit union are also stepping up their individual donations. Credit union employees have donated an average of $10 each to the Food Bank of Contra Costa and Solano for the Buy-A-Bag donation program, as well as providing more than 600 pounds of non-perishable food and an additional $650 in cash from their Friday “Jeans for Beans” casual dress program during the fourth quarter of the year.
“The credit union sets aside funds to match individual employee donations and each year it becomes a matter of pride to reach or surpass the prior year total”, said Noelle Fischer-Herbert, vice president of corporate development at PSCU. “We are on track to hit a corporate match of $3,000 this year and, along with employee donations, that will translate into an additional 23,000 meals.”
In addition, employees held a clothing drive collecting over fifty bags of clothes, diapers and toys that were donated to the Bay Area Rescue Mission in Richmond.
About Pacific Service Credit Union
Pacific Service CU began its Community Giving Program in 2001. Since that time, the credit union has donated over $1 million to organizations that assist those that are at-risk, low-income, with training to acquire skills that provide a sustainable existence. The credit union estimates over 800,000 individuals have been assisted through contributions made over the years. The primary focus is on helping underserved individuals by funding education, health, safety, and abuse prevention programs. In addition to donations, the credit union also makes available meeting space for non-profit organizations in Community Rooms at branch locations. Pacific Service Credit Union is a leading California financial institution with more than $1 billion in assets. For more information about Pacific Service Credit Union, call (888) 858-6878 or visit the website, www.pacificservice.org.