RADCLIFF, KY (May 14, 2025) |
In celebration of Abound’s 75th anniversary, the Credit Union announced the official launch of the Opportunities Abound Foundation during its annual meeting last night.
Abound’s Board of Directors has approved a $75,000 donation to the Opportunities Abound Foundation that will jump start the Foundation’s new Affordable Housing Grant Program. This will provide fifteen $5,000 grants to first-time homebuyers in our communities to assist with their down payments and closing costs. These grants will be available on a first-come, first-serve basis, with application acceptance opening soon.
“Homeownership is an important building block of a successful financial future,” says Ray Springsteen, President/CEO of Abound Credit Union. “With increasing housing costs, it was clear that assisting in this area would be a key focus for the Opportunities Abound Foundation. As with everything we do, our focus is on making more possible for our Members.”
Since 1950, Abound Credit Union has been an integral part of the Kentucky communities it serves, giving back and making more possible. This includes giving back to the military, schools, higher education, and other vital community development initiatives. Now, Abound is doubling down on those efforts and committing to giving back even more through its new Opportunities Abound Foundation.
Aligned with the opportunities that Abound makes possible in Kentucky, the foundation was created as a 501(c)(3) charity, which means contributions to help strengthen local communities are now tax deductible. The Foundation will focus on affordable housing and higher education.
In addition to its new Affordable Housing Grant Program, the Foundation is enhancing the structure of its $25,000 Roush Memorial Scholarship Program. The annual, $2,500 college scholarships will now be renewable for eligible recipients for up to four years. This means each recipient could earn a total of up to $10,000 to help support their higher education goals.
More information about the Opportunities Abound Foundation and Abound’s community-building mission may be found at AboundCU.com.