CORINTH, Texas – April 6, 2020 – CoServ today announced the creation of an emergency relief fund to assist Members and Customers affected financially by the COVID-19 pandemic.
Working through the CoServ Charitable Foundation (CCF), CoServ has designated $200,000 for the CCF COVID-19 Emergency Relief Fund, which will be distributed through the seven social service agencies with which CoServ already partners.
“The rapid spread of COVID-19 has caused businesses to scale back or shut down completely, and this is having a ripple effect through the economy, leaving thousands with reduced income or no income,” said CoServ President/CEO Donnie Clary. “This fund will help our Members and Customers stay afloat during these challenging times.”
In addition, CoServ is:
- Extending the suspension of service disconnections for nonpayment through April 30, 2020
- Offering payment due-date extensions to give customers the time they need to initiate the application process and receive assistance
- Creating an online form that will allow one-time tax-deductible donations to the relief fund by Members, Customers and Employees who would like to contribute
“CCF provides funds to these social service agencies every year to assist our Members and Customers who need it,” said Mr. Clary. “So it makes sense to increase this amount when so many more people need help. Helping neighbors in need is what our North Texas communities are all about.”
The seven North Texas agencies can be found on this map. They are:
For more details about the CCF COVID-19 Emergency Relief Fund, 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.