Service Credit Union Partners with VA to Help Disabled Veterans
Monday, November 19, 2018
Provides escrow management services stateside and overseas
PORTSMOUTH, N.H. (November 19, 2018) --- As veterans are honored in the month of November, many may not realize the challenges of everyday living for disabled service members.
Since 2012, Service Credit Union has worked with the Department of Veterans Affairs (VA) for Special Adapted Housing (SAH) grant funds to help those who were severely injured during their military service.
The SAH grant is offered to qualified veterans or military service members who need unique facilities due to their disabilities. The grant can be used to build a new home, renovate an existing home or to buy land so the property can be adapted for special accommodations. The VA office approves the grants for applicant.
As the manager of escrow services, Service Credit Union has facilitated the disbursement of SAH grant funds. In 2018, total funds escrowed to 13 veterans was just over $245,000. Overall, 33 veterans have benefitted from the service with $1.7 million disbursed.
“Service Credit Union is proud to support our heroes by providing this service so the servicemen and women can live independently in a barrier-free environment,” said Fawn Terwilliger, Chief Lending Officer at Service Credit Union.
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 United States.
“This is a great program which provides wonderful support for disabled veterans wherever they live” said Philip von Streicher, Vice President of Overseas Operations at Service Credit Union.
About Service Credit Union
As a dynamic, member-owned, not-for-profit financial cooperative, Service Credit Union is dedicated to offering quality financial services and products. In 1957, the credit union was established to provide affordable credit to the Pease Air Force Base community. Now the largest credit union in New Hampshire, with over $3.4 billion in assets and 50 branch locations in New Hampshire, Massachusetts, North Dakota and Germany, we continue to serve our communities and provide a better future to our members. For more information, visit https://scu.com or call toll free 1-800-936-7730 in the U.S. and 00800-4728-2000 internationally.