VACAVILLE, CA—Travis Credit Union today announced an immediate $1 million philanthropic initiative that will be disbursed amongst 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 Napa, Solano, Contra Costa, Merced and Yolo will receive checks. TCU will also match up to $4,000,000 given to the TCU Foundation from other sources. The funds will support many efforts, including:
• 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.”
The organizations receiving funds will not receive advance notice. TCU is planning on delivering as many of the checks as possible ‘remotely.’
“TCU plans on continuing to be a safe harbor – a community financial institution that values and truly cares about our neighbor’s financial needs and well-being,” said Nelson. “To that end, and with the generosity of foundation partners, TCU will match up to $4,000,000 through the Travis Credit Union Foundation. Please visit tcufund.org today to become a partner of the foundation, make a donation, and help raise hope in our communities.”
The pandemic is impacting many of the credit union’s members financially, so TCU is helping with resources to support financial wellness through the following programs:
At this time, the following fees will be waived:
• Transactions at Non-CO-OP Network ATMs
• Overdraft Transfer Fee
• Skip-a-Pay (Deferred Payments)
• Credit Card Late Charge
Mortgage Payment Forbearance: Members who have a mortgage with TCU may request to defer a payment due to financial hardship.
Disaster Relief Loan Program: This program allows TCU members to borrow up to $10,000.
Small Businesses: This is a difficult time for small businesses, too, and the Business Services Team at Travis wants to make sure its members have information on the latest financial relief resources. Learn More
For further information about these programs and online request forms, visit www.traviscu.org/coronavirus. Members can call the TCU Member Service Center at (800) 877-8328 or use Live Chat during business hours.
Headquartered in Vacaville, California, Travis Credit Union is a not-for-profit cooperative financial institution serving those who live or work in Alameda, Colusa, Contra Costa, Merced Napa, Placer, Sacramento, San Joaquin, Solano, Sonoma, Stanislaus, and Yolo Counties. Currently, Travis Credit Union is the 13th largest credit union in California with more than 214,000 members and more than $3.3 billion in assets. As one of the leading financial institutions in Solano, Contra Costa, Napa, Yolo and Merced Counties, Travis Credit Union’s strength lies in its faithful commitment to its members and the community; its solid, secure history; and its long-standing track record of dedicated service.