Kinecta Community Foundation donates $60,000 to support partners impacted by COVID-19
MANHATTAN BEACH, CA (May 8, 2020) — In response to increased need, Kinecta Community Foundation, the charitable entity of Kinecta Federal Credit Union, mobilized to support local organizations impacted by the COVID-19 pandemic. Since March, Kinecta Community Foundation has donated a total of $60,000 to various community organizations. On March 25, the foundation gave $40,000 to local Children’s Miracle Network (CMN) Hospitals to support their respective COVID-19 relief efforts. Funds provide financial aid, food and child-care assistance to financially stressed employees and resources for patients.
“Like many industries, children’s hospitals are facing a crisis. Resources are being diverted to combat COVID-19. Doctors and nurses can’t go home due to health risks to their families. There is a pause on elective surgeries, which have stopped a major source of hospitals’ operating budget. All this while children are still sick and injured and needing care,” said Nick Coleman, Director of Corporate Partnerships at CMN Hospitals. “CMN Hospitals is so proud to partner with organizations like Kinecta Federal Credit Union that understand the importance of giving back, even in such difficult times.”
Additionally, in April, Kinecta Community Foundation gave a total of $20,000 in emergency funds to nonprofit partners Food Finders, Food Bank of Santa Monica, Midnight Mission, Second Harvest Food bank, Thomas House Family Shelter, LA Regional Food Bank, Community’s Child and Warrior Student Food Pantry.
About Kinecta Federal Credit Union
Kinecta Federal Credit Union is the country's 35th largest credit union, with assets of $6.6 billion and over 270,000 member-owners. Its 800+ employees serve members from 31 branches, a variety of specialty offices, and highly responsive call centers on both coasts. Banking the Southern California area for more than 80 years, with recent expansion into New York, New Jersey, and Northern California, Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Wealth Management and Kinecta Insurance Services. Kinecta has been recognized by the Mortgage Bankers Association as a recipient of its Diversity, Equity, and Inclusion (DEI) Residential Leadership Award, and received the Best of Show award granted by the Credit Union National Association (CUNA) Technology Council. Daily Breeze readers have named Kinecta a top credit union for the past 11 years in the South Bay area of Los Angeles. Kinecta supports its communities in a variety of ways, by giving back through the Kinecta Community Foundation as well as serving as the official financial services partner of the LA Galaxy, and sponsor of the Rochester Americans and Rochester Red Wings. To learn more about Kinecta, visit kinecta.org.