Royal Credit Union Donates $20,000 Plus Additional Match Funds To Frogtown & Rondo Community Business Recovery Fund
July 23, 2020
Eau Claire, WI – Royal Credit Union is donating $20,000 plus an additional $10,000 for a match campaign to the Frogtown & Rondo Community Business Recovery Fund in Minnesota. The fund supports local businesses, many owned by people of color, which experienced damage during recent unrest in St. Paul, MN.
Three community groups work together to manage the fund—Summit-University Planning Council, Frogtown Neighborhood Association, and Victoria Arts Theater Center. An executive committee is making award decisions and going door-to-door to talk with local business owners and see the needs firsthand. "These businesses hold down the community and we want to support and rebuild to prevent the domino effect of loss of community,” said Jens Werner, Executive Director of Summit-University Planning Council. “Receiving this level of support from Royal Credit Union is a powerful message of hope and love for our community, and a reminder of brighter days to come."
Some of the most common needs include replacing large-pane windows on storefronts and removing graffiti. A local daycare got a bill for $4,000 to replace glass in their facility. With help from the Community Business Recovery Fund they are working to make these important repairs.
The Frogtown and Rondo neighborhoods in St. Paul are a half mile south of Royal’s Rice St. location and were an epicenter of property damage, particularly along University Ave. W. It is served by the Summit-University Planning Council and the Frogtown Neighborhood Association, which work to create opportunities for residents to learn about what is happening in their neighborhood and collaborate to improve the quality of life.
“Royal Credit Union is proud to be a member of the St. Paul business community and we have been deeply saddened that the neighbors we serve have experienced such hardship and loss. Royal’s core purpose is to make a positive impact in the lives we touch and, by supporting this fund, we hope to make a difference as the Frogtown and Rondo neighborhoods rebuild and recover,” shared Brandon Riechers, President of Royal Credit Union.
To support this vital recovery work, a portion of Royal’s donation will be used for a match campaign. Donations made to the fund from July 23 through August 6 will be matched, up to $10,000. Donations can be made at https://www.givemn.org/story/Uf3tsf.
About Royal Credit Union
Royal Credit Union is a federally insured credit union proudly serving over 220,000 Members in Minnesota and Wisconsin. Royal is driven by a core ideology built on a strong purpose and values. You can open an account or apply for a low-rate loan at Royal Credit Union if you live or work in 26 counties in western Wisconsin or 16 counties in Minnesota. Counties served in Wisconsin include Adams, Ashland, Bayfield, Barron, Buffalo, Burnett, Chippewa, Clark, Douglas, Dunn, Eau Claire, Jackson, Lincoln, Marathon, Pepin, Pierce, Polk, Portage, Price, Rusk, Sawyer, St. Croix, Taylor, Trempealeau, Washburn, and Wood. Counties served in Minnesota include Anoka, Carver, Chisago, Dakota, Goodhue, Hennepin, Isanti, Olmsted, Pine, Ramsey, Scott, Sherburne, Wabasha, Washington, Winona and Wright. Realtors in the state of Wisconsin or Minnesota are also eligible to join the credit union. Visit rcu.org or call Royal Credit Union at 800-341-9911 for more information.