Excite Credit Union Partners with The Healing Place of New Hanover County to Provide Transitional Assistance Program for Addiction Recovery Clients
May 22 2024 - 1:07PM
Excite Credit Union granted $30,000 to The Healing Place of New
Hanover County (THPNC) with a commitment to an additional $30,000
in 2025 to launch a new Transitional Assistance Program aimed at
providing financial assistance and resources to THPNC clients,
demonstrating its commitment to giving everyone the opportunity to
build a financially stronger future.
The Healing Place of New Hanover County provides food, shelter,
and recovery services at no cost to clients, removing barriers to
achieving and maintaining sobriety. As clients exit the care of
THPNC, many struggle with securing housing, transportation,
utilities, and other essentials. Through this program and with the
support of Excite Credit Union, clients in need have the
opportunity to obtain financial assistance to alleviate immediate
financial burdens and promote stability as they take the next step
in rebuilding their lives. THPNC will be responsible for managing
and dispersing funds on a needs-basis to cover essential
expenses.
In addition to financial assistance, Excite Credit Union has
committed resources to provide clients of THPNC with workshops and
one-on-one coaching around personal finances, as well as unique
products and services that help them build or repair their credit
and establish savings.
“Our mission as a Community Development Financial Institution
(CDFI) is to empower community residents by providing access to
affordable financial services and fostering economic opportunity,”
said Sarah Stone, Vice President of Retail Experience, of Excite
Credit Union. “One way we can help is by providing financial
resources to help those with the greatest need. This partnership
with The Healing Place enables us to aid people who need a hand up
and empower them to become financially independent.”
“People struggling with addiction need the tools to rebuild
financially stable lives as a foundation for recovery,” said Megan
Youssefi, Director of Development, of The Healing Place of New
Hanover County. “Focusing on recovery is hard when you can’t be
sure of regular meals or a roof over your head. Our alliance with
Excite Credit Union allows us to help our clients break the cycle
of addiction, giving them new financial tools and hope for a better
future.”
Excite Credit Union's partnership with The Healing Place of New
Hanover County (THPNC) is the beginning of a transformative
program. This initiative aims to provide vital financial aid and
resources to THPNC clients, bolstering their journey towards
stability and independence. By addressing immediate financial
hurdles such as housing, transportation and utilities, this
partnership underscores both organization’s dedication to fostering
resilient communities and empowering individuals to rebuild their
lives. Through a multifaceted approach encompassing supplying basic
needs, financial assistance, personalized coaching, and tailored
products, Excite Credit Union and THPNC are poised to make a
tangible difference in the lives of those striving for recovery and
financial security.
About Excite Credit UnionExcite Credit Union is
a member-owned and community-oriented not-for-profit financial
cooperative. Their mission is to give everyone the chance to build
a stronger financial future. With branches in California and North
Carolina, Excite offers a full range of banking for individuals,
businesses and organizations. Excite is also the only credit union
based in Santa Clara County designated as a Community Development
Financial Institution (CDFI), Low Income Credit Union (LICU), and
Juntos Avanzamos member of the Inclusiv network. These designations
reflect the credit union’s ongoing commitment to serving
low-to-moderate income households, entrepreneurs and immigrant
communities with fair and safe deposit and loan products. For more
information, please visit www.excitecu.org/community.
About The Healing Place of New Hanover
CountyTHPNC is committed to being a resource for
individuals struggling with addiction in Eastern North Carolina. It
is the only peer-led, long-term residential recovery program in the
region, and it remains free and accessible to anyone seeking
support. THPNC seeks to transform individuals affected by addiction
or homelessness through accountability and connection. The
organization offers a safe space for individuals to learn, grow,
and find a new way to live, and its staff serve up to 200 men and
women each day. For more information, visit www.THPNC.org.
Media Contact: Nina Cole for
Excite408-979-3653ncole@excitecu.org
Laura Blank for
THPNC646-245-2496laura@keylightcommunications.com