SMCU distributes dollars and dreams during a destructive year

When the pandemic hit, San Mateo Credit Union moved quickly to stand up a non-profit fund and move much-needed assistance into the communities it serves.

When the citizens of San Mateo County started experiencing economic distress caused by the COVID-19 pandemic, their local community credit union sprang into action, creating the SMCU Community Fund on April 14, 2020.

Throughout the year, San Mateo Credit Union ($1.4B, Redwood City, CA) distributed nearly $11 million in grants through the fund. And, it has plans to continue its efforts in 2021.

“We created the fund to amplify our ability to impact economic vitality in the community,” says Wade Painter, CEO of SMCU.

Here, Painter discusses 2020, the SMCU Community Fund, “San Mateo Strong,” and more.


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