Centris Federal Credit Union Announces $100K Gift to Two Nonprofit Foundations
In its largest gift to the community to date, Centris Federal Credit Union will donate $100,000 to two nonprofit foundations to assist in fulfilling Centris’ mission of being a trusted, lifelong financial partner.
Funding will be split with nearly equal amounts to Creighton’s Financial Hope Collaborative and Nebraska Children and Families Foundation for their efforts to increase financial capacity and asset management among Nebraska’s most vulnerable populations.
“Through the dollars that Centris is investing into these community programs, we are making a much larger and significant impact in changing people’s lives than we could do on our own,” said Dawn Gonzales, Centris Vice President, Community Development. “This is about maximizing our resources and being steadfast in our commitment to increase the financial well-being of people in the communities we serve.”
Dollars designated for Creighton’s Financial Hope Collaborative and its Financial Success Program will fund financial education and coaching for single mothers who are participating in a study that hopes to establish a link between financial stability and improved health outcomes. Previous outcomes from the Financial Success Program include: higher incomes based on increased education levels; reduced demand for social service programs; improved credit scores leading to safer housing and better jobs; and diminished school mobility as children get to stay in their schools due to reductions in utility shut-off notices and evictions.
Julie Kalkowski, Executive Director for Creighton’s Financial Hope Collaborative said “If the Finances First study can show improved health outcomes for single mothers, we can broaden the health care discussion in America to recognize the role financial stress plays in public health outcomes.” Participants include single mothers who live or work in Douglas, Sarpy and Pottawattamie counties.
Dollars designated through the Nebraska Children and Families Foundation will be used for Opportunity Passport initiatives in Grand Island and North Platte, Nebraska where Centris has a branch in each city. Opportunity Passport serves Nebraska’s youth population that is aging out of foster care. Since its inception, 990 young people have participated in Opportunity Passport in Nebraska which provides savings incentives to participants and an introduction to financial literacy.
“We are so excited to partner with Centris in Grand Island and North Platte because their gift means that unconnected youth in those communities will have a tool in which to achieve financial independence,” said Jenny Skala, Senior Vice President at Nebraska Children and Families Foundation. “A lot of young people have a supportive family to turn to when they need financial advice or assistance. For young people who are unconnected from family support, Opportunity Passport provides fiscal education as well as tools for saving money and earning matched dollars towards their goals such as secondary education, stable housing, or a reliable vehicle. Centris’ generous gift will help many young people on their path to being successful, productive adults.”