Redstone Federal Credit Union announced recently that it will donate $2 million to the Boys & Girls Clubs of North Alabama to support its capital campaign.<\/p>\n
The contribution is the largest single gift ever awarded to the North Alabama organization. It will be paid out over five years.<\/p>\n
\u201cWe see this investment as another way to improve the futures of youth and families who live in the areas that we serve,\u2019\u2019 said Joe Newberry, Redstone\u2019s President and CEO.<\/p>\n
\u201cSo many success stories have come out of the Boys & Girls Clubs and this gift will create opportunities for even more. This organization continues to be a catalyst for positive change in the community, which is also one of our guiding principles,\u2019\u2019 Newberry said.<\/p>\n
Redstone\u2019s $2 million investment will support a new North Huntsville location, build a new Center for Advancement in Athens, renovate and equip a Center for Advancement in Decatur, and build a multi-purpose facility in Scottsboro.<\/p>\n
Patrick Wynn, Executive Director of BGCNAL, said he expects the new buildings and added resources to serve an additional 950 students. The organization currently serves about 5,000 youth annually.<\/p>\n
\u201cThis is a transformational gift from Redstone,\u2019\u2019 said Wynn. \u201cThe future is bright here in the Huntsville area. We want to make sure that the Boys & Girls Clubs continue to keep pace with the needs of our youth and make sure their futures are equally as bright,\u2019\u2019 Wynn said.<\/p>\n
Redstone utilizes a special investment account, authorized by the NCUA – its federal oversight agency – to fund these types of large charitable gifts. These contributions do not impact member giveback.<\/p>\n","protected":false},"excerpt":{"rendered":"
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