State Employees CU To Fund HospitalFacility
RALIEGH, N.C. - (04/20/05) -- The Board of State Employees CU hasapproved a $2 million matching grant through the SECU Foundation tohelp fund a new facility at University of North Carolina Hospitalin Chapel Hill for extended stays by families of critical patients.The credit union foundation will fund half of the $4 millionproject and has challenged the North Carolina community to financethe remainder, according to Jim Blaine, president of the $12billion credit union. "There is a critical need for this and itserves the entire North Carolina community," Blaine told The CreditUnion Journal. The project, called the Family House at UNCHospitals, will consist of 40 rooms and be located on the groundsof the state's only teaching hospital for doctors. The recentlyformed Foundation is one of the richest credit union foundations onthe country and will fund $4 million in college scholarships thisyears, as well as the hospital project, from monthly checking feesmembers have voluntarily agreed to transfer to thenon-profit.