CAPITAL CREDIT UNION MATCHES FUNDS TO PROVIDE $35,000 IN COMMUNITY SUPPORT

Capital Credit Union used matching funds through FHLB’s Targeted Impact Fund to support organizations focused on diversity, poverty and pandemic needs.

Published Thursday, November 19, 2020
by Lisa Hintz

Capital Credit Union presented six Northeast Wisconsin organizations $5,000 through the Targeted Impact Fund hosted by the Federal Home Loan Bank of Chicago, with another organization pending approval. This fund was established in August 2020 to provide benefit to populations hit the hardest by the pandemic and to also highlight racial equity throughout communities in Wisconsin and Illinois. Tom Young, President and CEO of Capital, saw the opportunity as a way to further serve Northeast Wisconsin communities, and to bring recognition to these deserving organizations: 

“Many organizations right now are evaluating how to improve through the pandemic, the frustrations and the long days spent balancing family, school and work. We are always striving to find ways to be better, and when this opportunity was brought up for consideration, we recognized it as one great way in which we could fulfill our mission of stewardship and bring to light organizations that deserve more recognition for the work they are accomplishing within our communities. We are proud of their service and hope this initiative will encourage others to support organizations that strengthen our communities.”

 

Capital Credit Union Targeted Impact Fund Recipients:

 

O’Connor Connective in De Pere ($5,000)

The FRESH Project in Shawano ($5,000)

Casa Alba Melanie in Green Bay ($5,000)

Casa Hispania in the Fox Valley ($5,000)

Day by Day Warming Shelter in Oshkosh ($5,000)

Harbor House Domestic Abuse in the Fox Valley ($5,000)

Pending Organization ($5,000)

 

All of the organizations met criteria that fulfilled one of four categories listed by the FHLB. These four categories encouraged consideration for non-profits and organizations that were affected by the pandemic and were serving minorities or other impacted groups. Consideration was also given to Capital Credit Union’s service area and the needs seen within the communities of Northeastern Wisconsin. 

As part of the increasing efforts to provide support for DEI initiatives, this fund was just one of the several on-going efforts by Capital Credit Union to provide more inclusivity. During 2020, Capital hired its first Diversity and Inclusion Specialist, Dan Terrio, to evaluate and dig into areas across the organization that could be enhanced.

The Targeted Impact Fund is hosted by the Federal Home Loan Bank of Chicago. Capital Credit Union is a member institution of FHLB of Chicago.

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