Atlantic Federal Credit Union
The Atlantic Federal Credit Union distributed $50,000 to five local organizations through the Federal Home Loan Bank of New York’s (FHLBNY) Small Business Recovery Grant (SBRG) Program. The funds will help the businesses and nonprofit organizations address hardships resulting from the COVID-19 pandemic.
The SBRG Program began in 2017 in response to hurricanes in Puerto Rico and the U.S. Virgin Islands. The program relaunched in 2020 to aid small businesses and nonprofit organizations facing challenges due to the coronavirus pandemic. By participating in the program in 2021, the Atlantic Federal Credit Union was able to grant $10,000 each to New Jersey Workshop for the Arts in Westfield, On Time Transport in Roselle, online service provider EZ Comm LLC, Girls on the Run of NJ East in Millburn, and Boltimo International in Irvington.
“The SBRG is a timely and generous lifeline that will provide relief as other pandemic-response funding resources are exhausted,” shared Girls on the Run of NJ East Executive Director Sydney Davis. “These funds will allow us to address expenses resulting from the pandemic and ultimately bolster our financial aid program to make sure we are helping as many girls as possible unleash their limitless potential. We extend our gratitude to the Atlantic Federal Credit Union and the Federal Home Loan Bank of New York.”
“Thank you to the Federal Home Loan Bank of New York for their partnership and the opportunity to extend recovery grants to deserving organizations,” shared Atlantic Federal Credit Union Chief Executive Officer Anthony Mero. “This generous funding is helping to support the small businesses and nonprofits that are the backbone of our communities.”
The Atlantic Federal Credit Union has been providing banking solutions in Union and Essex counties for over 86 years and is dedicated to supporting financial success within the communities they serve. For more information, visit AtlFedCU.com.
