Kinecta Community Foundation donates $60,000 to support partners impacted by COVID-19
In response to increased need, Kinecta Community Foundation, the charitable entity of Kinecta Federal Credit Union, mobilized to support local organizations impacted by the COVID-19 pandemic. Since March, Kinecta Community Foundation has donated a total of $60,000 to various community organizations. On March 25, the foundation gave $40,000 to local Children’s Miracle Network (CMN) Hospitals to support their respective COVID-19 relief efforts. Funds provide financial aid, food and child-care assistance to financially stressed employees and resources for patients.
“Like many industries, children’s hospitals are facing a crisis. Resources are being diverted to combat COVID-19. Doctors and nurses can’t go home due to health risks to their families. There is a pause on elective surgeries, which have stopped a major source of hospitals’ operating budget. All this while children are still sick and injured and needing care,” said Nick Coleman, Director of Corporate Partnerships at CMN Hospitals. “CMN Hospitals is so proud to partner with organizations like Kinecta Federal Credit Union that understand the importance of giving back, even in such difficult times.”
Additionally, in April, Kinecta Community Foundation gave a total of $20,000 in emergency funds to nonprofit partners Food Finders, Food Bank of Santa Monica, Midnight Mission, Second Harvest Food bank, Thomas House Family Shelter, LA Regional Food Bank, Community’s Child and Warrior Student Food Pantry.
About Kinecta Federal Credit Union
Kinecta Federal Credit Union (kinecta.org) is one of the nation’s largest credit unions, with approximately $4.5 billion in assets; 22 branches; two retail mortgage centers; and more than 255,000 members nationwide. Banking the South Bay for 80 years, Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Wealth Management and Kinecta Insurance Services. From 2011-2019, Kinecta has been named the South Bay’s Best Credit Union by Daily Breeze readers. Kinecta was recently voted the best Credit Union in the South Bay for Easy Reader’s 2020 Best of the Beach.