By Tamarind Phinisee
USAA Federal Savings Bank said Wednesday that it will contribute $250,000 to The Fisher House Foundation Inc.
The money will be used to help the not-for-profit organization build two new Fisher House facilities at Fort Sam Houston.
The two 21-suite facilities will serve as lodging for families of ailing military patients receiving care at Fort Sam Houston's Brooke Army Medical Center.
Construction of the new facilities is expected to be completed by January 2007. Fort Sam Houston's Fisher House complex offers toiletries, towels, linens, kitchenware, cribs and rollaway beds for families at a rate of $10 per night.
Kenneth Fisher, chairman, president and CEO of The Fisher House Foundation, said in a prepared statement that the lender's contribution is most appreciated.
"USAA Federal Saving Bank's generous contribution represents another milestone in building a 'home away from home' for families of service members who are undergoing treatment for illness, disease, burns, amputation, or other serious medical situations," Fisher said.
Mike Luby, president and CEO of USAA Federal Savings Bank, says that the contribution fit in with the lender's own mission to serve the military and their families.
"We're honored to be part of this Fisher House project, which recognizes and supports the emotional foundation that is so necessary to the healing of the men and women who have sacrificed so much for this country," Luby says.
USAA Federal Savings Bank has been in business since 1983. As of Dec. 31, 2005, it had assets of $29.5 billion and deposits of $16.4 billion.
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