The Atlantic Federal Credit Union ("The Atlantic") recently had the privilege of facilitating $50,000 in grant funding across nine local nonprofit organizations through the Federal Home Loan Bank of New York ("FHLBNY") Small Business Recovery Grant Program ("SBRG").
The SBRG was created to support the financial security of organizations that face economic challenges due to various factors such as inflation, supply-chain constraints, the rate environment, as well as rising operating costs.
"Our Small Business Recovery Grant Program positions the FHLBNY to join with our members to provide support to the institutions that create opportunities and drive communities forward," said Randolph C. Snook, President and Chief Executive Officer of the Federal Home Loan Bank of New York. "We are grateful to partner with The Atlantic on these grants, and thank the recipients for their continued work to strengthen communities across Essex and Union counties."
"Thank you to the Federal Home Loan Bank of New York for their partnership and the opportunity to extend recovery grants to local nonprofits serving our communities," said Anthony Mero, Chief Executive Officer of The Atlantic. "SBRG funding empowers our recipients to fulfill their missions and expand their reach, uplifting neighbors throughout Essex and Union counties. These grants help ensure residents in need have access to food, clothing, and other essential resources that support dignity and stability."
The Atlantic was proud to present generous grants to each of these nine nonprofit organizations to help them continue their mission and serve our communities. Learn more about the recipients:
Golden Rule Community Outreach Organization
Interfaith Food Pantry of the Oranges
St. Joseph Social Service Center
United Way of Greater Union County
About The Atlantic Federal Credit Union
The Atlantic Federal Credit Union was founded in 1935 as a not-for-profit financial cooperative to meet the savings and borrowing needs of Members. Today, The Atlantic Federal Credit Union exclusively serves Essex and Union counties in New Jersey with financial wellness resources, competitive rates and technology-driven solutions for personal and business banking. For full eligibility criteria and more information, visit TheAtlanticFCU.com.
