The Atlantic FCU Donates $50,000 in Grant Funding to Local Nonprofits 

Information and photo provided by The Atlantic FCU

The Atlantic Federal Credit Union (“The Atlantic”) distributed $50,000 in grant funding to five local nonprofit organizations through the Federal Home Loan Bank of New York Small Business Recovery Grant Program (“SBRG”). The SBRG is designed to support the financial security and health of organizations that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs.

The SBRG began in 2017 in response to hurricanes in Puerto Rico and the U.S. Virgin Islands. The Program relaunched in 2020 and was made available again in 2021 to aid small businesses and nonprofit organizations facing challenges due to the Coronavirus pandemic. By participating in the SBRG this year, The Atlantic was able to grant $10,000 each to Bianca F.L.O.W.E.R.S. Inc. in Plainfield, Jewish Family Service of Central New Jersey, Mobile Meals of Westfield, St. Joseph Social Service Center in Elizabeth, and The SHARE Alliance in Springfield.

“Thank you to the Federal Home Loan Bank of New York for their partnership and the opportunity to extend recovery grants within the communities we serve,” shared The Atlantic Federal Credit Union Chief Executive Officer Anthony Mero. “The SBRG funding will help our deserving recipients continue their selfless work throughout Essex and Union counties – ensuring community members in need have access to food, clothing, social services and other crucial resources through the holiday season and beyond.”