Medford, NY, January 17, 2024: Suffolk Credit Union has given seven local non-profit organizations a boost with their budgets by helping them secure grants from the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. Suffolk Credit Union supported several non-profit organizations serving Long Islanders, by securing the Small Business Recovery Grant on their behalf with the FHLBNY.
Three healthcare organizations received $10,000 each from the FHLBNY SBRG Program: St. Charles Foundation (Port Jefferson), St. Catherine of Siena Foundation (Smithtown) and Good Samaritan University Hospital Foundation (West Islip). In addition, the Nassau Community College Foundation (Garden City), Brotherhood for the Fallen (Ronkonkoma), Suffolk Crime Stoppers (Yaphank) and New Beginnings Christian Church (Coram) received grants of $5,000 each.
“Our team is proud to demonstrate our support for organizations that do so much to support our Long Island communities,” said Michele Dean, CEO and President of Suffolk Credit Union.
Under the SBRG Program, FHLBNY members, including Suffolk Credit Union, were able to provide grants to qualifying small businesses and non-profit organizations that have faced economic challenges due to the rate environment, inflation, supply-chain constraints and/or rising energy costs. Final decisions on the grant allocations were determined solely by the FHLBNY.
“FHLBNY members have continued to step up and answer the call from customers and communities that are facing economic challenges,” said José R. González, CEO and President of the FHLBNY. “We have been honored to work alongside Suffolk Credit Union and other members to support these efforts through our Small Business Recovery Grant Program.”
Ms. Dean concluded, “As a community-focused credit union, it is gratifying to assist the dedicated organizations that received these grants as they continue their work to ensure the health, safety and well-being of all Long Islanders.”
About Suffolk Credit Union
Suffolk Credit Union is a local not-for-profit cooperative financial institution owned and operated by its members. It was chartered in 1967 by the National Credit Union Administration (NCUA). The volunteer-directed credit union has assets in excess of $1.8 billion, 10 branches and over 70,000 members, including partnerships with Suffolk County employees and unions. Membership is open to anyone who lives, works, worships, attends school or regularly conducts business in Nassau and Suffolk counties as well as immediate family members of current membership. To learn more, visit www.suffolkcu.org or call 631-924-8000.
Pictured (left to right): Randy Howard, Chief Operating Officer, St. Catherine of Siena Hospital; Laura Racioppi, AVP, Corporate & Community Partnerships, Suffolk Credit Union; Declan Doyle, President, St. Catherine of Siena Hospital; Michele Dean, President & CEO, Suffolk Credit Union; Charles Schembri, EVP, Chief Experience Officer, Suffolk Credit Union.