Surrey, BC – Coast Capital Savings Community Relief Fund continues to make a very real difference for small businesses and non-profits impacted by COVID-19.
The credit union’s $400,000 fund was developed to deliver flexible grants to community organizations and small businesses impacted by the COVID-19 pandemic. The fund focuses on frontline non-profit organizations facing increased demands related to food security, support for the homeless, mental health, and employment resiliency and small businesses that have immediate, urgent needs.
“At a time when we are all grappling with the impacts of this global pandemic, Coast Capital Savings has leaned into our cooperative roots to offer help,” said Maureen Young, Director, Community Leadership, Coast Capital Savings. “Our non-profit sector is working overtime to support those most vulnerable due to the impacts of COVID, while also struggling to remain viable. That is no small feat and we continue to be humbled by the work that they are doing and their ability to adapt to the changing circumstances.”
One of the recipients of funding from Coast Capital’s relief fund is Threshold Housing Society. The organization focuses on supporting at-risk youth in the Greater Victoria area, providing housing and interaction-based social programming. With more than 35 youth housing sites for at-risk youth between the ages of 16-24 years old, the organization provides resources to those that are aging out of government care, homeless youth, those fleeing violence, and those who may need additional assistance.
“Our mission at the Threshold Housing Society is to offer not only a safe living environment, but a place of unequivocal support and understanding,” says Colin Tessier, Executive Director of Threshold Housing Society. “To address increased demand, we’ve hired more staff, implemented new programs, purchased PPE, and disinfectant supplies for both our staff and housing sites. We could not have done this without the help of the Coast Capital’s Community Relief Fund. The fund has provided desperately needed emergency funding for not only our organization, but countless other non-profits and small businesses.”
About Coast Capital Savings
Coast Capital Savings is Canada’s largest credit union by membership and B.C.’s first credit union to become a federal credit union. Owned by its 593,000 members, Coast Capital offers banking and investment services digitally across Canada, and through its 52 branches in the Metro Vancouver, Fraser Valley, Okanagan, and Vancouver Island regions of British Columbia.
An Imagine Canada Caring Company and a Certified B Corporation in recognition of its social performance, Coast Capital invests 10 per cent of its bottom line into the community with a focus on youth-centric organizations, programs, partnerships and events. The credit union has been recognized as one of Canada's Most Admired Corporate Cultures™, and holds a Best Managed Companies Platinum Club designation. Coast Capital has a history of introducing innovative products to help their members achieve financial wellbeing including Canada’s first free chequing account from a full-service financial institution and Help Extras®, enabling members to invest in their future. To learn more, visit coastcapitalsavings.com.