SANTA ROSA, Calif. – Redwood Credit Union announced its Redwood Credit Union Community Fund and 2020 Fire Relief Fund has now closed after collecting and disbursing $424,420 from 847 donors to support the immediate needs of the survivors of the wildfires that have ravaged its markets.
The Community Fund was initially developed in 2013 to support financial wellness and education, and received 501(c)(3) status in 2015 to expand its mission to also address immediate disaster relief in response to regional wildfires and floods in the communities RCU serves.
“Recognizing that fire season has become a recurring event, RCUCF decided to proactively open a dedicated 2020 Fire Relief Fund before disaster struck,” the credit union said. “From the Fund, one hundred percent of the tax-deductible donations from individuals and businesses were given to fire survivors—in four local counties—who lost their primary residence or experienced significant financial hardship due to evacuation or fire-related income loss.”
RCU Donated Staff Time
RCU donated the staff time to administer distribution of the funds and worked with numerous nonprofit partners to support families, including North Coast Opportunities, Catholic Charities, Center for Volunteer and Nonprofit Leadership, Community Action Partnership and others.
In total, the Fund provided direct assistance to more than 543 households and 81 school children. In keeping with the goal to provide immediate relief, the Fund closed on Jan. 4, 2021, exactly four months after its opening.
“RCUCF stands ready to help when needed, but in a year as challenging as 2020, it’s been critical to have the support of local businesses and nonprofits too,” said Cynthia Negri, president of the Redwood Credit Union Community Fund. "We mobilized quickly to get money to families that desperately needed help.”
In Napa County where the home loss was greatest, the credit union reported RCUCF initiated a separate $75,000 matching challenge grant. Promoted by the Napa Chamber of Commerce, local businesses and residents stepped up to fully meet it, doubling the impact of their donations and raising an additional $150,000 (included in the above $424,420 total).