SECU Foundation Provides Financing for Bertie County Workforce Housing
July 02 2024 - 9:06AM
With assistance from SECU Foundation, Bertie County opened its
doors July 1 to welcome tenants to a new 24-unit housing complex
for public school and local government employees. The Foundation
provided Partners for Bertie County Public Schools with
interest-free construction financing and 15-year interest-free
permanent financing of $3.1 million.
The initiative is one of six undertaken by SECU
Foundation since 2006 in response to the education communities’
workforce needs in rural and underserved areas of North Carolina.
Previous housing projects in Hertford, Dare, Hoke, and Buncombe
counties received similar financing assistance from SECU
Foundation.
“We are delighted to announce the Grand Opening
of Dream Pointe Apartments, our ‘Teacher Housing Apartment Complex’
supported and financed by SECU Foundation,” said Partners for
Bertie County Public Schools Board Chair Ron Wesson. “Dream Pointe
allows us to offer new teachers and teachers who work in our
community but don't live here an exciting opportunity to become
full members of the community where they are employed. The support
and encouragement from SECU Foundation has far exceeded our
expectations, and we look forward to a long and mutually
supportive relationship.”
“We are so pleased to help the Partners for
Bertie County Public Schools take major steps forward in addressing
their longtime priority of attracting and retaining teachers,” said
SECU Foundation Director of Grants Administration Scott Southern.
“Dream Pointe Apartments will not only meet an immediate housing
need, but it will also support the continued growth and development
of Bertie County.”
About SECU and SECU
FoundationA not-for-profit financial cooperative owned by
its members, and federally insured by the National Credit Union
Administration (NCUA), SECU has been providing employees of the
state of North Carolina and their families with consumer financial
services for 87 years. SECU is the second largest credit union in
the United States with $56 billion in assets. It serves more than
2.8 million members through 275 branch offices, over 1,100 ATMs,
Member Services Support via phone, www.ncsecu.org, and the SECU
Mobile App. The SECU Foundation, a 501(c)(3) charitable
organization funded by the contributions of SECU members, promotes
local community development in North Carolina primarily through
high-impact projects in the areas of housing, education,
healthcare, and human services. Since 2004, SECU Foundation
has made a collective financial commitment of over $258 million for
initiatives to benefit North Carolinians statewide.
Contact: Jama Campbell, Executive
Director, secufoundation@ncsecu.org
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c09e0828-bc37-4999-ac64-e1f728406b2e