Travis Credit Union donates $1 million to community partners, including  some in Contra Costa

On April 7, Travis Credit Union (TCU) announced an immediate $1 million philanthropic initiative that will be disbursed among multiple local organizations across five counties to relieve both immediate public health and long-term economic challenges as a result of the COVID-19 pandemic.

A total of 96 non-profits as well as small businesses in the counties of Contra Costa, Napa, Solano, Merced and Yolo will receive checks. TCU will also match up to $4 million given to the TCU Foundation from other sources.

Beneficiaries will include frontline organizations that are providing direct service, such as food banks, shelters, family resource centers and school districts, as well as nonprofits and organizations focused on supporting critical populations, including homeless, foster youth, LGBT and Latino individuals.

Non-profits that support small businesses, including those who serve their community all year through economic development assistance, will receive aid in sustaining the mitigation of the pandemic for the opportunity to recover when the crisis subsides.

Many of the organizations receiving aid are existing TCU non-profit community partners that have already aligned with the credit union to serve its members by providing free financial education opportunities as well as those providing essential services throughout the year.

“We are showing up to support the most vulnerable in this time of crisis,” said Barry Nelson, president and CEO of Travis Credit Union. “We are making immediate investments to support the organizations who are in the business of people helping people, and we are here, as we have been for nearly 70 years, to serve our community. Credit unions are built for times like this.”

Because the pandemic is impacting many of the credit union’s members financially, TCU is helping members with resources to support financial wellness.

At this time, fees will be waived for transactions at non-network ATMs, overdraft transfers, deferred payments and credit card late charges. Members who have a mortgage with TCU may request to defer a payment due to financial hardship.

TCU’s Disaster Relief Loan Program allows members to borrow up to $10,000, and the Business Services Team at Travis is working to provides small businesses with the latest financial relief resources.

For more information, visit traviscu.org/coronavirus. Members can call 800-877-8328 or use Live Chat during business hours.