YMCA of Marquette County is officially debt free

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MARQUETTE, Mich. (WLUC) - It's been a long time coming for the YMCA of Marquette County

"Really three years ago, our doors were almost shut,” said Jenna Zdunek, the CEO of the YMCA of Marquette County.

But the YMCA can finally say it sees the light at the end of the tunnel, after a big announcement Saturday evening.

"Currently our YMCA has a capital debt of $1.2 million, but $400,000 will be washed away when we pay off our remaining loan to the USDA. Tonight, we are honored to say that we achieved this goal, due to a gift from Dave and Thu Brule,” explained Michele Butler, the Board President of the YMCA of Marquette County.

"It's incredible. I actually think I'm still in shock. I don't know if it's hit me yet. It's an unbelievably amazing day, a historic day for the YMCA,” said Zdunek.

Before the YMCA saw this day coming, it went through a bit of a storm.

"It was a very stressful time,” explained Zdunek.

The YMCA’s financial struggles all began in 2016 after an ambitious building and program expansion.

When the Y couldn't overcome its increasing debt, it filed for Chapter 11 Bankruptcy in May 2017.

"Some days were day by day, some days were minute by minute,” stated Zdunek.

Yet, the Y pushed through and in July 2018, it emerged from Chapter 11 Bankruptcy, which the Y explains only three percent of non-profits are able to achieve.

"We definitely beat the odds,” said Zdunek.

After this, the YMCA still had more than $1 million left of debt to pay.

The Y wasn't sure how this amount was going to get paid off but remained hopeful someone would help.

"I always told Jenna, you know what there's somebody out there, something is going to happen," exclaimed Butler.

It did happen after the Brule family stepped up to the plate.

"Our gift is now going to help them become completely out of debt," explained the Brule family.

The Brule family are active members at the YMCA.

After they saw the financial conditions of the Y were in good hands, they decided to make a contribution that would complete the Y's debt service and put it on a new track.

"It's close to our heart, because they do a lot of things with children... they do a lot of things with people that are less fortunate, and so that resonates with us in a very strong way and we love what we see,” said the Brule family.

"I'm so thankful for David and Thu Brule for believing in our YMCA and believing in our leadership,” said Zdunek.

To honor the Brule family, the YMCA has changed its name to the David and Thu Brule YMCA of Marquette County so everyone will know of their good work.



 
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