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Chris McGorrill, President of the Foundation Board, and Janet Smith, Executive Director of New Ventures Maine pose for a photo.
The Atlantic FCU Foundation is proud to announce a $5,000 donation to support the New Ventures Maine Rainy Day Savings Account Program, which is designed for income-eligible individuals and households to safeguard against unexpected expenses. This initiative underscores the Foundation’s unwavering commitment to fostering financial stability and empowerment through education across the communities it serves.
Participants in the Rainy Day Fund program not only set aside savings for unforeseen needs like new appliances, car repairs, and health expenses, but also engage in transformative financial education. New Ventures Maine (NVME) provides classes and individual coaching in planning careers, starting businesses, and managing money in their mission to help Maine people achieve economic security for themselves and their families.
“The Atlantic FCU Foundation recognizes the transformative power of financial literacy,” said Chris McGorrill, President of the Foundation Board. “Our collaboration with New Ventures Maine is a testament to our dedication to enabling individuals to achieve economic security and resilience through education.”
“Having a dollar-for-dollar match for their savings often provides people with the incentive to start saving,” said New Ventures Maine Executive Director Janet Smith. “Once we establish a savings habit, we not only gain the confidence to keep it going, but also, we see the value of having money set aside when the unexpected happens. We appreciate Atlantic FCU Foundation’s grant, which will directly benefit participants who are gaining life-changing habits while building their savings.”
Through its strong focus on supporting financial education, the Atlantic FCU Foundation continues to strive towards its mission to strengthen, support, and promote the common good within the communities served by Atlantic FCU.