New Hampshire Credit Union

In your best interest

RSS Feed Facebook Youtube

Service Credit Union, headquartered in Portsmouth, NH, is partnering with the Department of Veteran’s Affairs for Special Adapted Housing (SAH) grant funds for disabled veterans or military service members.

The SAH grant is offered to eligible veterans or military service members who need special facilities due to their disabilities. The funds can be used to purchase land, construct a new home or renovate an existing home to accommodate the disability.

The purpose of the grant is to provide financial assistance in obtaining housing adapted for special needs.  The current or most recent VA Rating Decision issued by the Veterans Service Center of jurisdiction establishes the veteran’s or military service member’s basic eligibility for a Specially Adapted Housing Grant. The Department of Veteran’s Affairs office approves the grants for applicant.

“Service Credit Union is proud to be able to help veterans and military service members who were disabled during their military service. They have sacrificed so much and have earned this benefit,” said Gordon Simmons, president/CEO of Service Credit Union. “This grant will help them live more independently in a barrier-free environment. The VA sought us out after they expanded the program to overseas veterans and needed a financial partner to facilitate the escrow in the overseas environment. This was a perfect fit for what Service Credit Union is all about.”

As a provider of escrow services, Service Credit Union will help facilitate the disbursement of SAH grant funds. The grants are available at any point during veteran’s or military service member’s lifetime and can be used anywhere in the United States and outside the continental United States. The process can be started anywhere. This is a benefit that is provided to veterans or military service members who have a service-connected disability due to military service, including the loss of lower extremities or a burn injury.

Upon approval, grant funds will be obtained and sent to Service Credit Union as the escrow agent. After the escrow agreement is signed, construction can be started. Service Credit Union manages the funds as needed for the remodel or construction needs of the disabled veteran or military service member.

St. Mary’s Bank Credit Union recently donated $25,000 to The Palace Theatre in Manchester to provide support for two separate initiatives.  $10,000 will be applied toward the theatre’s Second Century Campaign designed to fund its capital improvements.  The funds will be used for much needed theatre improvements and safety upgrades.  The balance of St. Mary’s gift, $15,000, will help fund “Angel Tickets” for the Palace Theatre’s school matinee program for the next three years.

“The Palace Theatre is grateful for the generosity of St. Mary’s Bank Credit Union, a consistent, long-time supporter of the Palace Theatre.  St. Mary’s Bank’s commitment assists the Palace Theatre Trust in maintaining a community-oriented center for the exploration and presentation of theatre, music, and dance,” stated Peter Ramsey, Palace Theatre president.

“We are pleased to support efforts to preserve one of Manchester’s true historical artistic jewels for future generations of theater-goers,” said Ronald H. Covey, Jr., St. Mary’s Bank Credit Union president and CEO.  “Our support of the Angel Ticket program also will provide many young people with their first exposure to live theater, and has the potential to mark the beginning of a lifelong appreciation of the arts.”

A dedication ceremony was held on May 1, and a plaque commemorating St. Mary’s Bank Credit Union’s donation was attached to the right alcove of the theatre.

Built in 1914, the Palace Theatre is listed on the National Register of Historic Places.  The Palace Theatre is a nonprofit performing arts center that hosts its own professional company, youth and teen program and presenting acts.  It is committed to achieving its mission through preserving the historic facilities of the theatre, responding creatively to the cultural and entertainment needs of the community and governing in a fiscally responsible and strategic manner.

Service Credit Union located in Portsmouth, NH joined the New Hampshire Military Youth and Family Program April 15th for “Purple Up” day, recognizing the sacrifices of military children with parents deployed overseas.

In 2011, the University of New Hampshire Cooperative Extension Military Youth and Family Program started the initiative “Purple Up For Military Kids” that quickly gained momentum and is now celebrated nationwide.  Wearing the color purple is a visible way to thank military youth for their strength and sacrifices. Purple is the color that symbolizes all branches of the military, as it is a combination of Army green, Coast Guard blue, Air Force blue, Marine red, and Navy blue. 

Service Credit Union staff wore purple shirts and purple ribbons to visibly show their support and celebrate military youth.

“We all owe a debt of gratitude to the children of our military service members,” says Gordon Simmons, President/CEO of Service Credit Union. “We honor their sacrifices, and we are committed to supporting them now and in the future.”

The Nashua Soup Kitchen & Shelter is the recipient of a $2,000 Community Outreach grant from St. Mary’s Bank Credit Union, the nation’s first credit union.

The funds will be used to purchase a clothes washer and dryer for the organization’s new facility. These will be available to people living on the street who need to wash the clothes they are wearing and what may be in their backpacks.

“We are in the midst of a capital campaign, and donations like this one from St. Mary’s Bank Credit Union are certainly welcome,” said Carol Weeks, Nashua Soup Kitchen & Shelter Community Outreach Manager. “With the availability of laundry facilities at our new location, our clients will be able to wash and dry what often are the only street clothes they own.”

The Nashua Soup Kitchen and Shelter provides meals, emergency shelter, housing, food baskets and advocacy to poor and homeless men, women, and families with children.
The group recently purchased the former Veterans of Foreign Wars Hall at 2 Quincy Street in Nashua, a location that offers triple the space of the existing facility.  A capital campaign now underway hopes to raise $2 million to cover the cost of renovation of the new space and the move from the former location.

“Groups like the Nashua Soup Kitchen & Shelter provide a vital service by reaching out to those in need,” said Tom Champagne, St. Mary’s Bank Director of Community Outreach. “We are pleased to be able to offer support and make a difference in the lives of individuals and families who find themselves in difficult circumstances.”

credit unions in nh