Providence Federal Credit Union donates $60,000 to help cover urgent financial needs of Oregon health care providers
PORTLAND, OR (February 20, 2020) — Providence Federal Credit Union (Providence FCU) has announced the contribution of $60,000 to the Oregon Providence Helping Hands Fund, designed to provide financial assistance to health care providers in need of urgent support. In addition to Providence FCU’s donation, Oregon Providence Foundations provided $83,000 for a grand total of $143,000 in emergency financial aid.
“It takes a village to raise $60,000 and I am grateful to be a part of a community committed to helping make the lives of those in need better, especially when those who need financial support are the very people who provide essential medical services to our communities,” said Providence FCU President & CEO Shirley Cate. “The Helping Hands Fund is just one of the many perks of having a financial partner at work.”
For the past four years, Providence FCU has matched individual donations up to $50,000, with this year’s contribution surpassing that goal. The Oregon Providence Foundations Helping Hands Fund provides financial support to caregivers struggling to pay for rent, utilities, unexpected medical bills, groceries for their families, or to escape domestic abuse.
“The Helping Hand Fund embodies the Providence Mission in so many ways, giving us the ability to share critical financial assistance with one of our fellow caregivers during a really difficult time and get them back on their feet,” said Tam Everard, Development Coordinator for Providence Portland Medical Foundation. “Our Providence community has grown and it’s encouraging to partner with Providence Federal Credit Union and watch The Helping Hand Fund grow as well.”
In 2019, the Helping Hands Fund served more than 50 caregivers and provided monetary assistance to 34 people needing help navigating unexpected financial emergencies.
About Providence Federal Credit Union
Providence Federal Credit Union is a not-for-profit financial institution proudly serving caregivers and care workers for 60 years. Formed in 1962, Providence FCU has grown to be one of the largest credit unions in the healthcare industry serving more than 16,000 members. The credit union aims to reduce financial stress for healthcare and care workers by offering affordable interest loans, higher savings yields, lower fees, and free multilingual financial advice. For more information about Providence FCU, please visit providencecu.org or connect via LinkedIn.