TORRANCE, Calif.–Parishioners Federal Credit Union has announced a commitment of $1 million to the Catholic community over the next decade.
“This transformative investment aligns with the credit union’s strategic initiatives, which focus on expanding reach, enhancing infrastructure, engaging members, maintaining financial health, and exploring growth opportunities,” the $61.1-million PFCU said in a statement.
According to Parishioners FCU, the donation will support vital programs under the Archdiocese of Los Angeles, including student scholarships through the Catholic Education Foundation’s tuition assistance program. The 3,500-member Cu said the efforts aim to reduce financial barriers for families, ensuring every child has access to a quality Catholic education, regardless of their financial situation.
Benefits to One Community
The scholarships funded by Parishioners Federal Credit Union will specifically benefit students in the San Pedro pastoral region, fostering educational advancement and spiritual growth within the community, it said.
“Education is the cornerstone of a thriving community, and we are honored to invest in the future of our youth. This commitment reflects our deep-rooted values and mission to empower families and uplift our community through accessible Catholic education,” PFCU President and CEO Alen Torosyan said in a statement.
Additional Support
In the past year alone, the credit union reported it has demonstrated its commitment to giving by contributing to various Catholic events and ministries, including:
- Ethical Leadership Lunch-Platinum Sponsor-$15,000- a gathering that seeks to foster a community of professionals dedicated to advancing sustainable and inclusive growth, deeply rooted in shared values of faith. All proceeds from this event directly support Catholic Schools in Los Angeles, nurturing the next generation of ethical leaders.
- St. John Seminary Gala-Archbishop Level Sponsor-$15,000- a gathering that helps better connect the Archdiocesan Catholic community with the men studying to be future priests while raising funds to support the Seminary.
- St. John Chrysostom School: $6,000
- St. James School Festival: $3,000
- Mary & Joseph Retreat Center: $2,500
- American Martyrs: $2,500
- Lady of Guadalupe: $1,000
- St. Joseph Festival: $1,000
- Catholic Cemeteries & Mortuaries: $1,000
