UW Credit Union Contributes $150,000 to United Way of Dane County
Donation will help create more affordable housing options
MADISON, WI – September 9, 2019 – UW Credit Union is making a $150,000 donation to United Way of Dane County’s affordable housing fund to help support their mission of creating and sustaining more affordable housing options in Dane County.
“We believe in an individual’s right to affordable housing and fairness in being able to strive for homeownership,” said Paul Kundert, UW Credit Union CEO and president. UW Credit Union is one of the top home purchase lenders in Dane County.
As a part of their commitment to creating pathways out of poverty through initiatives focused on education, income and health, United Way of Dane County created the Affordable Housing Fund to support families in the Dane County community. The fund was created in early 2018 as a long-term strategy to create affordable housing units for working families to end family homelessness.
“We know when working families have stable housing, they are healthier, happier and more successful in school, work and life,” said Renee Moe, president & CEO, United Way of Dane County. “This investment is a game-changer for our entire community and United Way of Dane County’s work in affordable housing.”
The Affordable Housing Fund Committee, part of the United Way of Dane County Foundation, created a revolving loan fund to be part of the finance package that nonprofit organizations have to build affordable housing units. The first loan was recommended earlier this year which will allow the development company to break ground on a 44-unit apartment building on East Washington Ave and will be completed next year.
With the UW Credit Union donation, the United Way’s Affordable Housing Fund will be able to invest in additional new, affordable housing options for families in Dane County. “United Way volunteers on the Foundation Board and Affordable Housing Fund Committee are committed to investing in new, affordable housing options for families in Dane County,” said Don Bernards, Partner, Baker Tilly LLP and Chair, United Way Affordable Housing Fund Committee. “Partnerships make it happen, so we’re thrilled to have UW Credit Union as such a strong and significant leader at the table as we grow the revolving loan fund and improve lives.”
About UW Credit Union
UW Credit Union is a growing, federally insured financial institution and a leading provider of a full range of financial services to University of Wisconsin communities. UW Credit Union's over 600 employees serve the financial needs of more than 250,000 members through world-class technology systems, and through a convenient network of 26 branch locations and over 100 ATMs. With assets surpassing $3 billion, UW Credit Union is ranked nationally among the leading credit unions. Founded more than 85 years ago by members of the University of Wisconsin community, UW Credit Union continues to operate as a not-for-profit, member-owned financial cooperative with locations in the Madison, Milwaukee, Stevens Point, Green Bay, Oshkosh, Whitewater and La Crosse areas.
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