Stanford Federal Credit Union Donates $500,000 for Expansion

For Release: March 20, 2014

PALO ALTO, CA – Stanford Federal Credit Union, a long-time community partner and supporter of Lucile Packard Children’s Hospital Stanford, recently announced that its Board of Directors has approved a donation of $500,000 to help fund the hospital’s expansion. The donation will be disbursed over a five-year period.

“Stanford FCU is honored to help expand the exceptional environment of care and innovation that is synonymous with Lucile Packard Children’s Hospital,” says Joan Opp, President/CEO of Stanford FCU. “Many of the hospital’s employees are also Stanford FCU members, so this expansion will help ensure a brighter future—both for employees and for the families in need of quality care.”

Stanford FCU has a long tradition of supporting local businesses and charitable community organizations, and Lucile Packard Children’s Hospital Stanford has been a beneficiary of that philosophy for many years. Beyond its generous donation for the planned expansion, the credit union supports a variety of the hospital’s fundraising events and family support programs. Last summer Stanford FCU was an official sponsor of the hospital’s largest community fundraising event, the Packard Summer Scamper. Furthermore, the credit union’s team of 30 participants was among the top five corporate teams in terms of dollars raised, which helped the event raise a final total of over $360,000 for the hospital.

In an ongoing collaboration with the hospital entitled “You Switch. We Donate. Kids Win,” Stanford FCU also makes a donation to the hospital each time a hospital employee opens a new account and signs up for Stanford FCU services. To date, the program has generated over $18,000 in donations. In addition, as a long-time sponsor of the hospital’s Art Cart program, Stanford FCU provides hospitalized children with creative activities and much-needed diversions from medical treatments.

“Our hospital's planned expansion is a shared endeavor,” says Christopher Dawes, President/CEO of Lucile Packard Children’s Hospital Stanford. “The generous support of Stanford Federal Credit Union will greatly enhance our ability to treat patients and to seek cures—ensuring healthier, happy lives for more children, expectant mothers and families in our community for years to come.”

About Stanford FCU

Stanford Federal Credit Union is a full-service financial institution with 49,000 members and $1.5 billion in assets. Located in Palo Alto, California, with four branches and 140 employees, Stanford FCU serves Stanford University faculty, staff, students, alumni and volunteers; Stanford Hospital & Clinics, Lucile Packard Children’s Hospitals and more than 100 local businesses. Learn more about Stanford FCU at sfcu.org.

Authors

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Margaret Wold
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About Stanford University School of Medicine

The Stanford University School of Medicine consistently ranks among the nation’s top medical schools, integrating research, medical education, patient care and community service. For more news about the school, please visit med.stanford.edu/school. The medical school is part of Stanford Medicine, which includes Stanford Health Care and Stanford Children’s Health. For information about all three, please visit med.stanford.edu.