News Releases | August 29, 2014

UFCU donates $1.5 Million to Seton Medical Center at The University of Texas for New Teaching Hospital

Austin, TEXAS — August 29, 2014 — University Federal Credit Union (UFCU) is supporting the Seton Healthcare Family’s new teaching hospital, Seton Medical Center at The University of Texas with a generous donation of $1.5 million. The gift is in line with UFCU’s ongoing commitment to supporting higher education.

“Seton Medical Center at UT,” will anchor a platform for academic medicine and research across Central Texas that includes Seton Medical Center Austin, Dell Children’s Medical Center of Central Texas, Seton Shoal Creek Hospital and other facilities in the community.

It will be at the center of a new downtown medical district and serve as the primary training site for students at The University of Texas at Austin’s Dell Medical School. The new hospital, in partnership with the medical school and Central Health, Travis County’s health care district, will provide for more doctors and specialized care and transform health care delivery in Central Texas.

“University Federal Credit Union is delighted to partner with The Seton Fund and The University of Texas in such a meaningful way,” said Tony Budet, UFCU chief executive officer. “Our cooperative’s vision is ‘a higher education community made strong through shared values and high-impact relationships.’ By aligning UFCU’s human, financial and other resources with those of higher education in Austin, we become an active participant in a virtuous circle.

“Our university partners produce talent critical to continued growth, vitality and quality of life, which of course generates more long-term business opportunities for a not-for-profit cooperative such as ours,” Budet said. “It’s a beautiful thing and we’re grateful to be a part of it.”

The UFCU donation will be recognized at the education and training center within Seton Medical Center at UT. The space will be used by physicians, medical students, medical residents, nurses, hospital executives and community partners.

The Seton Fund, with help from community leader fundraising volunteers, is spearheading efforts to raise $50 million via philanthropy from the community – one of the largest goals for a single, nongovernmental building campaign in Austin’s history. Seton will invest the remaining $245 million toward construction.

“UFCU has stepped forward in support of Seton’s vision to bring greater innovation to medical education and delivery of care,” said Bob Bonar, Seton Family of Hospitals president and chief executive officer. “This project and its capital campaign rely on community support, and we are grateful for UFCU’s generous gift that will benefit all in Central Texas.”

Seton Medical Center at UT, scheduled to open in 2017, will be built across 15th Street from University Medical Center Brackenridge and will be flanked by Dell Medical School, new research facilities and medical office buildings.

About University Federal Credit Union

Exceeding $1.7 billion in assets, UFCU serves over 182,000 members in the Austin and Galveston areas. UFCU provides a variety of products, services and education programs to meet your needs through all phases of your life. To learn more about UFCU, visit www.ufcu.org.

About Seton Healthcare Family

The Seton Healthcare Family, a faith-based non-profit organization founded in 1902 by the Daughters of Charity, is the leading provider of comprehensive, advanced health care and services in Central Texas.

Seton operates more than 100 clinical locations including four medical centers, a world class pediatric medical center, two community hospitals, three rural hospitals, an inpatient mental health hospital, three primary care clinics for the uninsured and several strategically located health facilities. The system offers the region’s only Level I Trauma Centers for adult and pediatric patients, and first heart transplant program. Seton’s insurance division works with commercial insurance companies, community physicians and Medicaid and Medical Access programs for low-income persons, to assist in the management of the region’s overall health. For more information, please visit healthcare.ascension.org.