PAWTUCKET – Pawtucket Credit Union has started a new program to fund organizations serving “vulnerable populations” in the community.
President and CEO George J. Charette announced the new fund, dubbed the Community Investment Fund.
“Improving the lives of families and individuals in the communities we serve has been a key component of the credit union’s mission and is the motivation behind this new fund,” he said.
The fund will make available grants totaling $70,000 to organizations focused on housing affordability, home ownership, homelessness prevention and financial literacy education.
“We’ve seen a steady increase in community requests focused on housing and economic security,” Charette added.
The awardees for 2017 included Adoption RI, Foster Forward, LISC Rhode Island, Sojourner House and Rhode Island Association of Community Action Agencies.
“In funding programs that serve vulnerable populations, we hope to assist these individuals and mitigate some of the stress on our local communities,” Charette said.
Eli Sherman is a PBN staff writer. Email him at Sherman@PBN.com, or follow him on Twitter @Eli_Sherman.
