Birmingham, Ala. – On Wednesday, Dec. 7, Avadian Credit Union announced the formation of the Avadian Foundation and awarded the first grants to organizations in the state of Alabama that are addressing needs in four key areas identified as the focus for the Foundation.
“We formed the Foundation as an outgrowth of our commitment to helping people,” said Linda Cencula, President and CEO of Avadian. “We want to support the financial well-being of the people in the communities around us to create a more inclusive future for all by investing in affordable housing, financial health, small business development and education across our membership footprint.”
The organizations receiving the inaugural grants from the Foundation are UNCF, the Habitat for Humanity of the River Valley, the A.G. Gaston Boys and Girls Club, the Literacy Council of Central Alabama, the Salvation Army, Woodlawn United and the Alabama Small Business Development Initiative – a non-profit affiliate of the Birmingham Business Resource Center.
“The Alabama Small Business Development Initiative is honored to be in the inaugural group of grant recipients,” said Bob Dickerson, Executive Director of the Birmingham Business Resource Center. “These funds will help continue to provide counseling, coaching and training for our small-business clients.”
“We are grateful for this new partnership with the Avadian Foundation,” Jeremy Foulks, Executive Director of Habitat for Humanity of the River Valley, said. “This grant will be used in construction of a house in Huntsville for a family in need of safe and affordable housing, something that is in critical short supply in our community. We are looking forward to partnering with Avadian staff on the build site when construction begins.”
Avadian Credit Union is a full-service financial institution with branches across the state of Alabama. With assets in excess of $1 billion, Avadian serves more than 85,000 members with friendly and professional service. Avadian Credit Union has a five-star, superior rating by BauerFinancial for safety and soundness.
Avadian Credit Union is a not-for-profit, financial cooperative that is solely owned by its members. For more information on Avadian Credit Union, visit www.avadiancu.com or call 1.888.AVADIAN (1.888.282.3426). Avadian Credit Union is also on Facebook, Twitter and LinkedIn.