Catholic Hospital Network Invests $500,000 in Capitalizing CDCUs
NEW YORK - The nation's fourth largest Catholic health system, Trinity Health, has invested $500,000 with the National Federation of Community Development Credit Unions to help the Federation capitalize CDCUs.
Based in Novi, Michigan, Trinity Health encompasses 45 hospitals and 384 outpatient facilities in seven states.
"Reflecting its core values of respect, social justice, compassion, care of the poor and underserved, and excellence, Trinity Health has chosen the Federation to manage deposits on its behalf in community development credit unions in the seven states in which the health group operates," the Federation said.
The Federation's Capitalization Program has been supported by a wide variety of philanthropic organizations, including The Ford Foundation, John D. and Catherine T. MacArthur Foundation, Mennonite Mutual Aid, Bank of America, JPMorgan Chase, and the Federal CDFI Fund are just a few Capitalization Program investors.