In The Press

VSECU Fundraising Drive to Help Keep Families W.A.R.M.

FOR IMMEDIATE RELEASE: October 16, 2008

While anxiety is escalating over the economy and the impact it leaves on families, VSECU is taking action to help those in need and inviting its members to join in its efforts.

In light of the rising costs of food and fuel, VSECU’s board of directors has launched a member matching donation program to respond to the needs of families who will experience some tough financial choices very soon. We’re a Responsive Membership—W.A.R.M.—enables members and VSECU to combine their donations to help with heating fuel assistance for families around the state.

“Our credit union motto, people helping people, is at the very root of W.A.R.M.,” said Judy Rosenstreich, a board director and the chair of the community giving committee at Vermont State Employees Credit Union. “The VSECU board unanimously agreed to support this initiative and believes that pooling our resources with members who also want to give can bring relief to families in Vermont this winter.”

VSECU has pledged $40,000 to match member donations dollar for dollar. Funds will be distributed through the five regional Community Action Agencies in Vermont. Members may direct their tax deductable donations to any of the five agencies. Any excess funds from the VSECU pledge will be dispersed proportionately based on the VSECU member population in each of those regions.

Rosenstreich understands that the increased cost of heating will impact everyone, but stressed that the problem for some middle-income Vermonters as well as those with low incomes who may not otherwise qualify for LIHEAP (Low Income Home Energy Assistance Program), have fewer resources available. “Even if it’s only a few dollars that a member donates, combined with VSECU’s matching donation, we should be able to build a substantial fund to help take care of people in the communities we live in and that VSECU serves.”

VSECU members may donate online at www.vsecu.com/warm; by phone at 802/800 371-5162; or by visiting a branch location in Montpelier, Berlin, Waterbury, Rutland, Burlington or Williston. Donations to W.A.R.M. will be accepted now through Dec. 31, 2008.

The Vermont State Employees Credit Union is a not-for-profit financial cooperative, which offers a full range of affordable financial products and services to its member-owners. People eligible to join the credit union include anyone who lives or works in Addison, Caledonia, Chittenden, Lamoille, Orange, Rutland and Washington counties, along with Vermont’s state employees and their families. For more information about VSECU, call 802/800 371-5162 or visit www.vsecu.com.