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VSECU Supports Vermont Community Loan Fund Programs

FOR IMMEDIATE RELEASE: December 26, 2006

The Vermont State Employees Credit Union recently donated $2,500 to the Vermont Community Loan Fund to support its many programs to low income Vermonters.

Since 1987, the VCLF has loaned more than $40 million to finance projects that provide affordable housing programs, small business opportunities and child care centers. The VCLF seeks to improve the quality of life for individuals and families and as a result, builds stronger communities.

According to Will Belongia, the VCLF’s executive director, the donation will enable VCLF staff to go out and meet with Vermonters who may not be able to travel to Montpelier. “The VSECU’s support helps us bring our services throughout the state of Vermont,” Belongia said. “We can visit a child care in southern Vermont or a farmer in the Northeast Kingdom to talk about their financial needs.”

Speaking on behalf of the credit union, Steven D. Post, chief executive officer, expressed a strong commitment to the Vermont values of charity, sense of community and environmental responsibility. In 2006, the credit union contributed $80,000 to more than 100 charitable and civic organizations and projects, including the Vermont Community Loan Fund.

“Our members live and work in communities throughout the entire state,” Post said. “Because our members are so diverse, from all walks of life and with such a variety of interests, we try very hard to spread our contributions over a wide range of charities and activities.”

The VSECU’s made contributions to organizations and charities as diverse as the Shrine Maple Sugar Bowl in White River Junction, Barre’s Studio Place Arts, the Vermont Foodbank, the nine Clinics for the Uninsured, fuel assistance to seniors through the agencies and councils on aging, the Champlain Valley Office of Economic Opportunity’s Growing Money program, a new swimming pool for Sharon’s Camp Downer, the Rutland County Humane Society, Bellows Falls’ Parks Place Community Resource Center and the Vermont Community Loan Fund.

The VSECU is a not-for-profit financial cooperative, offering a full range of financial products and services. People eligible to join the credit union live or work in Addison, Caledonia, Chittenden, Lamoille, Orange, Rutland and Washington counties.

Steven D. Post (right), chief executive officer of the Vermont State Employees Credit Union, presents Will Belongia (center), executive director of the Vermont Community Loan Fund, and Paul Hill (left), the VCLF’s director of Housing and Community Facility Programs, with a check for $2,500 to support programs for low and middle income Vermonters.

For further information, contact:
Yvonne M. Garand, Business Development Officer
ygarand@vsecu.com or 802/800 371-5162, ext. 5197