Bay Federal Credit Union and Santa Cruz Community Ventures to provide financial capability workshops in vulnerable communities
CAPITOLA, CA (October 6, 2020) — Bay Federal Credit Union and Santa Cruz Community Ventures (SCCV) have joined forces to provide financial education in rural, low-income minority communities throughout Santa Cruz and Monterey counties. This effort is funded, in part, by an AHEAD grant from the Federal Home Loan Bank of San Francisco.
“We’re so pleased to be able to share our expertise and passion for financial capability with our community,” said SCCV Executive Director Maria Cadenas. “The pandemic and recent wildfires have financially affected many residents and underscore a need to ensure we all understand and revisit the basic best practices of money management.”
“Bay Federal is proud to partner with Santa Cruz Community Ventures on this important effort,” said Bay Federal’s President and Chief Executive Officer Carrie Birkhofer. “Supporting financial education initiatives like Familias Con Más allows us to demonstrate our commitment to making a real difference in the financial lives of the people in the communities we serve. We hope this effort helps the community become more resilient to the financial consequences of natural disasters.”
Earlier this year, Bay Federal Credit Union supported SCCV’s UndocuFund Monterey Bay efforts, providing one-time direct aid to undocumented friends and neighbors who were adversely impacted by the COVID-19 pandemic.
About Bay Federal Credit Union
Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 86,000 members and 2,400 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With more than $1.6 billion in assets, Bay Federal is the largest member-owned financial institution in the region. The organization has been proudly serving its members and the community since 1957. Bay Federal is a certified Community Development Financial Institution, with a primary mission of promoting community development alongside their financial activities. Bay Federal has an award-winning employee volunteer program in which employees have given their own money and volunteer for numerous local schools, nonprofit organizations, and community events each year.
About Santa Cruz Community Ventures
For more than 30 years Santa Cruz Community Ventures has worked to create an inclusive economy in the region through financial capability, wealth accumulation, and advocacy. Learn more at www.SCCVonline.org.
