PSECU members answer call for donations
PSECU and its members contributed a total of $69,542 to Feeding Pennsylvania as part of a recent PSECU Chips In donation campaign.
In late April, PSECU, Pennsylvania’s anytime, anywhere digital credit union, made a $25K donation to Feeding Pennsylvania to support the state’s food banks as they faced increased demand as a result of COVID-19. As part of this PSECU Chips In giving campaign, the credit union also reached out to its more than 450,000 members, asking them to consider making personal contributions throughout the month of May to further the fundraising efforts. Contribute they did. As of the end of the month, PSECU’s members donated a total of $44,542 to the cause.
Combined with the initial $25K donation made by PSECU on behalf of its members, the campaign fundraising total came out to $69,542. Thanks to Feeding Pennsylvania’s ability to provide 10 meals for every $1 donated, PSECU’s member contribution translates into more than 695,000 meals for those in need.
Feeding Pennsylvania works with nine food bank partners to address food insecurity throughout Pennsylvania, including Central Pennsylvania Food Bank, Community Food Warehouse of Mercer County, Greater Pittsburgh Community Food Bank, Harry & Jeanette Weinberg Northeast Regional Food Bank, Helping Harvest Fresh Food Bank, Philabundance, Second Harvest Food Bank of the Lehigh Valley and Northeast Pennsylvania, Second Harvest Food Bank of Northwest Pennsylvania, and Westmoreland County Food Bank, Inc. Together, this network of food banks works to end hunger in all 67 Pennsylvania counties.
PSECU has maintained strong bonds with local and statewide food banks for a number of years. Last year for example, Feeding Pennsylvania was the beneficiary of the third annual PSECU Chips In Golf Outing, which raised $50K, and it has been selected as the beneficiary again for the 2020 event. PSECU has also served as the presenting sponsor of the Central Pennsylvania Food Bank’s Hunger Action Month Virtual Food drive for multiple years, including the 2019 initiative which provided more than 175,000 meals for those in need, and plans to continue the role again in 2020.
SBA's Economic Injury Disaster Loans and Advance Program Reopened
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.
The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses and non-profits that are facing economic disruption due to the COVID-19 impact. With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and non-profits will be able to receive these long-term, low interest loans and emergency grants — reducing the economic impacts for their businesses, employees and communities they support. Since EIDL assistance due to the pandemic first became available to small businesses located in every state and territory, SBA has worked to provide the greatest amount of emergency economic relief possible. To meet the unprecedented need, the SBA has made numerous improvements to the application and loan closing process, including deploying new technology and automated tools.