Winston-Salem, NC, Nov. 18, 2021 (GLOBE NEWSWIRE) – Truliant Federal Credit Union announced today that it will launch the Truliant Foundation to further support its commitment to community and the social responsibility of giving back to neighbors who ‘she serves.
The Truliant Foundation will support internal and external credit union programs and fundraising initiatives. It will work with organizations that align with Truliant’s mission and areas of community interest. Going forward, all of Truliant’s existing grant, donation and scholarship programs will be funded and managed as Truliant Foundation programs.
“As we have grown, Truliant’s commitment to our member-owners and the diverse communities they represent has also grown. The creation of the Truliant Foundation extends the “People Helping People” philosophy of credit unions and our legacy of helping underserved populations. This creates a platform to deepen relationships with partners as we increase contributions over time, ”said Sherri Thomas, Executive Director of Truliant.
The first new program of the Truliant Foundation is the creation of the Truliant Employee Relief Fund. It will provide financial assistance to employees facing financial hardship due to events beyond their control, including disasters, prolonged illnesses, injuries and other special situations. The Employee Assistance Fund will provide grants to employees for their own needs or for those of their immediate family members.
The fund was started with personal donations from 100% of Truliant’s senior management, an amount matched by Truliant to start the fund.
“The Truliant management team shares the vision of this fund as a significant investment in our employees, so much so that 100% of them have given in recognition of their concern and support for our employees,” said Thomas from Truliant. “We are grateful for the support of our leadership as key investors, not only providing a channel for financial well-being, but taking this step so early to unlock the potential of our foundation.”
As the first major donation, Truliant contributed to the Winston-Salem State University Foundation to support the Mathematics and Science Education Network (NC-MSEN) program. The giveaway will be used at the historically black university to eliminate disparities in education and to prepare middle and high school students for careers requiring math and science.
The foundation will engage Truliant employees in its commitment to give back by creating a volunteer-led advisory board made up of diverse employees from all levels of the organization. The Advisory Board will be active in delivering community support based on the needs of the communities in which they live and work and will include reviewing grant applications and participating in financial education grants, community mini-grants and funding programs. scholarships.
“The Advisory Board gives our employees a way to have their voices heard. They live, work and play in our communities – so who better to provide thoughtful contributions on how we can best meet local social and economic needs, ”said Thomas.
Over the past five years, Truliant has awarded over $ 1 million in scholarships, grants and charitable donations to over 400 community-based organizations and 100 local students pursuing graduate studies. Truliant’s areas of community interest include:
- Communautary development: Organizations that cultivate relationships, social responsibility, civic engagement and collaboration to build community.
- Economic mobility: Organizations offering personal advice and activities to strengthen the financial stability and social prosperity of individuals and their families.
- Financial well-being: Organizations that are specifically engaged in activities that promote and enhance financial inclusion and financial literacy.
- Youth and education: Organizations supporting education and programming from middle to high school.
About the Truliant Foundation
The Truliant Foundation supports Truliant Federal Credit Union’s commitment to the community and its social responsibility to give back to the neighbors it serves. Created in 2021, the foundation supports community partners who work to improve the quality of life of member communities. The Donor Advised Fund was established by Truliant and is administered by the Carolinas Credit Union Foundation. Donations to the Foundation are tax deductible. Learn more at Truliant.org/Foundation.
About Truliant Federal Credit Union
Truliant is a mission-driven, non-profit financial institution that improves lives by providing affordable financial advice and services. Established in 1952, Truliant now has over 280,000 members and has over 30 member financial centers in North Carolina, South Carolina and Virginia.
The Truliant Foundation contributes to the Mathematics and Science Education Network (NC-MSEN) at Winston-Salem State University.