Stay Informed with CUTimes

Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!

SECU Foundation Provides $500,000 Maternity Home Financing

Young women who are victims of domestic violence or are homeless have a new maternity home to stay at thanks to partial financing of the facility by the State Employees' Credit Union's foundation.

The SECU Foundation teamed up with the North Carolina Housing Finance Agency to assist with the funding for My Sister's House, which is open to women ages 16-21. The Greensboro, N.C.-based maternity home can house up to five women and their infants with stays ranging from six to 24 months. The house also offers counseling, education and life skills training for its residents.

A $500,000, 0% construction loan was provided by the SECU Foundation to help build My Sister's House. The home was designed to meet Leadership in Energy and Environmental Design certification, which includes standards for lower energy and water bills and reduced exposure to mold, mildew and other indoor toxins.

Along with other officials, Sen. Kay Hagan (D-N.C.) was recently on hand for a ribbon cutting ceremony at the maternity home. In January, Hagan hosted a jobs creation roundtable with several of the state's CUs and local small business owners.

Comments

More News

Resource Center

View All »

Measure and Monitor the Risks and Opportunities in Loan Portfolios

Get a complimentary demo of our loan portfolio analytics and access to the white paper,...

CUT Daily eNews

Credit Union Times delivers breaking news and information you need to make the right decision for your organization - FREE. Sign up now!

Career Listings
Recent Career Listings
Browse Career Listings

Advertisement. Closing in 15 seconds.