Monday, July 28, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Veterans, service members reach out for assistance

By
From page C17 | March 01, 2013 |

PenFed Foundation

WASHINGTON, D.C — The Pentagon Federal Credit Union Foundation (PenFed Foundation), a nationally recognized nonprofit organization working to meet the unmet needs of military personnel and their families, saw a record year in 2012 for veterans and service members requesting help through its programs including emergency financial assistance, child care services, first-time home-buyer grants, and interest-free loans. Last year, the PenFed Foundation provided close to $2 million in grants and loans to assist 30 percent more current and retired military than in years past.

“With the end of the conflict in Iraq and the war in Afghanistan drawing to a close, we’re seeing a lot of veterans return to lives they had put on hold,” said Kate Kohler, chief operating officer of the PenFed Foundation who is a former Army captain. “They need help with their finances, child care, and even buying a home. It’s a reminder that just because the wars aren’t so much in the headlines anymore, veterans see the impact of war every day.”

Through its Military Heroes Fund, last year the foundation provided over 525 grants totaling over $650,000 in emergency financial assistance and child care to wounded warriors and their families, a 50 percent increase for grants over years passed.

According to 2011 statistics from the Department of Veterans Affairs, more than half of America’s former service members who served in Iraq and Afghanistan need to be treated for medical and mental problems when they returned home, which is an unprecedented number. Kohler added this would likely explain the 50 percent increase she saw last year through the foundation’s Military Heroes Fund, which provides assistance to wounded warriors and their families.

Last year, the foundation also provided nearly 1,200 interest-free loans through its Asset Recovery Kit (ARK) program providing a total of over $500,000 in lending to service members and veterans as a safe alternative to payday lending. The loans saved our troops nearly $1 million in fees and interest from the predatory loan industry. The foundation also partnered with two new credit unions in 2012, expanding its reach to more active-duty military members to meet the increase in demands for the ARK program, which continues to grow at a double-digit rate.

And through its Dream Makers program, the foundation provided a record number of grants in 2012 totaling $823,000 to help service members and veterans who were first-time home buyers with down payments and closing costs purchase their first home. This was more than a 300 percent increase over the year before.

“We are thankful for the increased support we’ve received from our donors and the community-at-large,” said Kohler. “Because of their help, we’ve been able to meet the growing need among those who selflessly defend our nation to ensure our freedom.”

Comments

comments

.

News

 
County’s chief lawyer: No Brown Act violation

By Chris Daley | From Page: A1

General Plan workshop today

By Chris Daley | From Page: A1

 
Two growth control initiatives get green light

By Dawn Hodson | From Page: A1

Sand Fire burns more than 4,000 acres

By Dawn Hodson | From Page: A1, 2 Comments | Gallery

 
Fatal accident in Camino

By Cole Mayer | From Page: A1 | Gallery

Agricultural Crop and Livestock Report released

By Ross Branch | From Page: A3

 
35 people displaced in Tahoe hotel fire

By Tahoe Tribune | From Page: A3 | Gallery

.

Opinion

The balancing act: Toxic waste spreads

By Larry Weitzman | From Page: A4, 2 Comments

 
Bee-ing silly

By Mountain Democrat | From Page: A4, 1 Comment

 
.

Letters

Letter to Speaker of the House

By Letters to the Editor | From Page: A5, 2 Comments

 
GDPUD misinformation

By Letters to the Editor | From Page: A5

At the crossroads

By Letters to the Editor | From Page: A5, 1 Comment

 
Want more water?

By Letters to the Editor | From Page: A5, 1 Comment

Refugee crisis

By Letters to the Editor | From Page: A5, 1 Comment

 
.

Sports

Camp experience is ‘priceless’

By Mike Bush | From Page: A6 | Gallery

 
Speedway races cancelled

By Democrat Staff | From Page: A6

El Dorado doubles up on Pro Players

By Mike Bush | From Page: A6 | Gallery

 
Under the Scoreboard: July 26, 2014

By Democrat Staff | From Page: A6

Schedule: July 28 – Aug. 2, 2014

By Democrat Staff | From Page: A6

 
Roundup: July 26, 2014

By Democrat Staff | From Page: A6

Local spiker shines

By Democrat Staff | From Page: A7

 
Sports Scene: July 26, 2014

By Democrat Staff | From Page: A7

.

Prospecting

A beautiful day at Wakamatsu Tea and Silk Colony Farm

By Cathy Barsotti | From Page: B1 | Gallery

 
Foothill gourmet: Things get corny

By Donna Brown | From Page: B2

Bipolar Insights: From point A to point B

By Marcia Rose | From Page: B2

 
Cool time at Cowboys and Cornbread

By Democrat Staff | From Page: B2 | Gallery

As we were: Recreation district grows

By Ken Deibert | From Page: B4

 
Cantare names new director

By Cantare Chorale | From Page: B10

 
After 5 Club to meet

By Senior Day | From Page: B10

.

Essentials

Divorces

By Charlotte Sanchez-Kosa | From Page: A2Comments are off for this post

 
DUI Log: June 25-July 9

By Cole Mayer | From Page: A2

Crime Log: July 14-16

By Cole Mayer | From Page: A2

 
.

Obituaries

.

Real Estate

.

Comics

Rubes

By Contributor | From Page: A8

 
New York Times Crossword

By Contributor | From Page: A8

TV Listings

By Contributor | From Page: A8

 
Speed Bump

By Contributor | From Page: A8

American Profile Crossword

By Contributor | From Page: A8

 
Tundra

By Contributor | From Page: A8

Horoscope, Tuesday, July 29, 2014

By Contributor | From Page: A8

 
Horoscope, Monday, July 28, 2014

By Contributor | From Page: A8

Shoe

By Contributor | From Page: A8

 
Sudoku

By Contributor | From Page: A8