SANTA CRUZ, Calif. – Bay Federal Credit Union said it is partnering with Santa Cruz Community Ventures to provide financial education in rural, low-income minority communities throughout Santa Cruz and Monterey counties. This effort is funded, in part, by an AHEAD grant from the Federal Home Loan Bank of San Francisco.
“Bay Federal is proud to partner with Santa Cruz Community Ventures on this important effort,” said Bay Federal President and Chief Executive Officer Carrie Birkhofer. “Supporting financial education initiatives like Familias Con Más allows us to demonstrate our commitment to making a real difference in the financial lives of the people in the communities we serve. We hope this effort helps the community become more resilient to the financial consequences of natural disasters.”
Earlier this year, Bay Federal Credit Union supported SCCV’s UndocuFund Monterey Bay efforts, providing one-time direct aid to undocumented “friends and neighbors” who were adversely impacted by the COVID-19 pandemic.
“We’re so pleased to be able to share our expertise and passion for financial capability with our community,” said SCCV Executive Director Maria Cadenas. “The pandemic and recent wildfires have financially affected many residents and underscore a need to ensure we all understand and revisit the basic best practices of money management.”
The $1.3-bilion Bay Federal has more than 78,000 members.