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CoServ adds $100,000 to COVID-19 Emergency Relief Fund

CoServ adds $100,000 to COVID-19 Emergency Relief Fund

 

   

CORINTH, Texas – July 1, 2020 – The CoServ Charitable Foundation has designated another $100,000 to the CCF COVID-19 Emergency Relief Fund to assist residential Members and Customers affected financially by the pandemic.

The money will be distributed to five social service agency partners that can help Members and Customers with utility bills and other expenses. In April, CoServ created the relief fund with an initial $200,000 in Operation Roundup® funds. CoServ Members, Customers and Employees also have contributed more than $5,500 to help their neighbors in need.

“CoServ continues to show the cooperative difference – Member-owned, Member-focused, a sincere part of the communities we serve,” said Vicki Sargent, CoServ’s Director of Community Engagement. “The CoServ Charitable Foundation has reached thousands of people in need across the seven counties we serve. Co-op Members are helping other Members through CCF. It is the right thing to do.”

During the pandemic, CoServ has continued to support North Texas communities while also providing critical functions to our 250,000 Electric Members and 130,000 Gas Customers. Specifically:

  • Disconnections for nonpayment were suspended for residential Members and Customers in mid-March and have been extended through August 3.
  • Due-date extensions and payment plans are being offered to residential Members and Customers who have experienced a loss of income or employment.
  • The democratically elected CoServ Electric Board of Directors recently retired a record $27 million in Capital Credits – $7 million of which was accelerated into 2020 to provide additional COVID relief.
  • A collaboration with Denton County that allowed more than 1,500 small businesses to apply for OPEN Grants using CCF’s grant application software license. The OPEN Grants were funded primarily by 20 years’ worth of Capital Credit retirements.

Since March, CCF has focused efforts on assisting front-line workers and helping Members and Customers through the social service agencies with whom we partner. The agencies receiving a share of the $100,000 are:

Allen Community Outreach | Christian Community Action | Community Lifeline Center | Frisco Family Services |  Volunteers in Service to Others (VISTO)

For more details about the CCF COVID-19 Emergency Relief Fund, including how to seek assistance or make a donation, please visit CoServ.com/COVIDReliefFund.


The CoServ Charitable Foundation is an IRS-recognized 501(c)3 charity.  All donations are tax-deductible, as allowed by law. CoServ is an electric and natural gas distribution company serving North Texas. Incorporated as Denton County Electric Cooperative in 1937, CoServ Electric is one of the largest electric cooperatives in the country, serving more than 250,000 electric meters across Denton, Collin and four other North Texas counties. CoServ Gas was established in 1998 and serves more than 130,000 gas meters in Denton, Collin and Kaufman counties. CoServ’s mission is to deliver excellent service to our Members and Customers by providing safe and reliable energy solutions. 

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