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Investing In Our Community

Since 1928, investment in the communities we serve is a key component of our mission and has remained an important focus of our organization. Through our charitable investments and community involvement we strive to create public and private partnerships that share our goal of enriching our communities.

Areas of Interest

Pawtucket Credit Union gives priority consideration for charitable grants to programs that:

  • Promote the positive development and self-esteem of children, youth and teens.
  • Promote education, financial literacy and self-reliance for low- and moderate-income families.
  • Promote fair, affordable housing and home ownership opportunities in economically distressed areas.
  • Provide support for the hungry and homeless.

Priority Areas

Funding priority is given to those projects which:

  • Positively impact low- and moderate-income populations.
  • Support the Credit Union's community investment programs.
  • Directly affect the people served.
  • Are multi-cultural.
  • Show a high likelihood of success and potential to be replicated.
  • Are focused on long-range solutions to broad-based urban issues, including community development or redevelopment activities.
  • Assist in providing credit services or information to the community.

Ways We Invest

These are the three ways Pawtucket Credit Union does and will support local organizations.

Charitable Contributions

Charitable Contributions are grants from the Credit Union made to qualified 501 (C) (3) organizations, as defined by the Internal Revenue Service. Grants are restricted to community-based organizations serving local residents. Pawtucket Credit Union looks for opportunities where moderate funding can affect significant results within the community. These contributions can be for any purpose within the stated mission of the organization. These contributions can be financial, gifts-in-kind or gifts with the Pawtucket Credit Union logo.


Sponsorships are fees paid to not-for-profit organizations for which Pawtucket Credit Union will receive marketing, entertainment and community relations value, i.e., a road race, a music festival, etc. Through participation as a sponsor of an event, Pawtucket Credit Union hopes to achieve the following goals:

  • To maximize the Credit Union's visibility in the community.
  • To help position Pawtucket Credit Union as a leader in the corporate community.
  • To entertain existing members.
  • To introduce Credit Union personnel to potential new members.
  • To raise money for the benefit of non-profits in the neighborhoods we serve.

In-Kind Donations

In-Kind Donations can encompass gifts with the Pawtucket Credit Union logo for charitable auctions or it can be donations of equipment, expertise, facilities, technical resources, and Pawtucket Credit Union volunteers, when possible. All requests for in-kind donations must be made on the requesting organization's official stationery and accompanied by a copy of the organization's IRS determination letter of tax-exempt charitable status under section 501(C) (3).

Investment Restrictions

Pawtucket Credit Union unfortunately cannot support every worthwhile project that seeks funding. Therefore, to assist in determining if it is appropriate to submit a proposal for a charitable investment, you should know that Pawtucket Credit Union will not make grants to either the following applicants or for the purposes listed below:

  • Individuals
  • Colleges and Universities (non capitol campaigns)
  • Fraternal or political organizations
  • Trips, tours, transportation costs, seminars and conferences
  • Scientific and medical research
  • To cover operating deficits
  • Annual operating support
  • Endowments
  • Payment on loans (including loans from Pawtucket Credit Union)
  • Local Chapters of national health organizations

Please be advised that we make every effort to assist as many organizations as possible in the communities that we serve. To accomplish this we ask that requests for donations, advertising, sponsorship, and grants be limited to a consecutive three-year period for each organization. After this three-year period, organizations are asked to suspend funding requests for at least one full calendar year before re-applying. Thank you.

Application Process

All requests for funding must be made in writing on official organization stationary (we do not accept proposals via fax). Proposals for funding must be concise and contain the following:

  • Organization name, address and name of Executive Director
  • Contact person, title and telephone number
  • Amount requested
  • Brief description of the organization's mission
  • Current list of Board of Directors
  • Geographic area & target population served by the organization
  • Brief description of the purpose for funds requested
  • Project budget (if applicable)
  • IRS letter confirming tax-exempt status, 501 (C) (3)
  • If the request is for seed funding of a project, clearly outline a plan for future financial support.
  • The application will not be processed until each of these items is submitted.

Review Process

It will take up to 6-8 weeks for a grant request to be reviewed by the appropriate Corporate Investment Committee. A site visit and additional information may be required prior to a final determination. You will be notified of a grant approval or denial by letter.



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the full faith and credit of the United States Government. National
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© 2012 Pawtucket Credit Union, 1200 Central Avenue, Pawtucket, Rhode Island 02861
Pawtucket Credit Union is an Affirmative Action / Equal Opportunity Employer.
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