The Memorial Day holiday week brought two announcements of large charitable contributions from credit unions – a $3 million challenge grant by the SECU Foundation, the charitable arm of SECU ($55.8 billion, Raleigh, N.C.), and a $600,000 donation by Teachers Federal Credit Union ($9.8 billion, Hauppauge, N.Y.).
The recipient of the SECU Foundation's $3 million grant is the Caring House, a Durham, N.C., housing facility for patients and their caregivers traveling to the area to receive care at Duke Cancer Institute. The funds will be used for the construction of an addition that will double the capacity of the facility, which currently hosts more than 700 patients annually.
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