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541 Westport Avenue, Norwalk, CT 06851 | 203.402.7400 | mscu.net Facebook | Instagram | LinkedIn Member Profile | Member Since 2001 Originally published on the Mutual Security Credit Union Blog. Media Contact: Brittany Ruggiero Mutual Security Credit Union 800.761.2400 · ext. 2402 bruggiero@mscu.net Shelton, CT: Mutual Security Credit Union (MSCU) is proud to announce its facilitation in the distribution of $100,000 in grant funding to support 12 local nonprofit organizations as part of the Federal Home Loan Bank of Boston’s 2020 Jobs for New England Recovery Grant Program, a relief program designed to help FHLBank members provide financial support to Small Business Administration-defined small businesses and nonprofit organizations that have experienced hardships during COVID-19. Grant recipients include St. Vincent DePaul Mission of Waterbury, Homes for the Brave (Applied Behavioral Rehabilitation Institute), Open Door Shelter, Adams House (The Adam Wysota Foundation), Credit Unions Building Financial Independence (CT Credit Union League Charitable Foundation), Sterling House Community Center, Spooner House (Area Congregations Together, Inc.), Domestic Violence Crisis Center, The Valley United Way, Habitat for Humanity of Greater Waterbury, HubCap of Wallingford, and Shelton Economic Development Corporation. The grants, ranging from $5,000 to $10,000, will help this network of nonprofits continue their important work on the front lines of this crisis in a variety of ways including: Increased food distribution and shelter: With school closings and families losing incomes, more people are in need of food and shelter, and nonprofits are stepping up to meet that need. Providing emergency services or expanded programming: The pandemic has created the need for nonprofits to quickly change existing delivery models or add new services to meet sudden needs in the community. Maintaining operations and essential services: Many nonprofit partners lost substantial revenue from closed social enterprises or discontinued paid services, as well as canceled fundraisers. Follow COVID-19 CDC guidelines: The need to social distance, increase facility cleaning, and purchase CDC recommended supplies and PPE to keep the community safe has placed an increased financial burden on nonprofits. "We are fortunate to have FHLBank Boston as a partner in our efforts to elevate the wellbeing of our community,” said Hank Baum, MSCU President and Chief Executive Officer. “Being rooted in our community we are acutely aware of the impact the pandemic has had on these nonprofits and the JNE Recovery Grant Program gave us a wonderful opportunity to identify and facilitate solutions that will help alleviate pressures this pandemic has brought. We intend for these grants to help solidify these organizations and their support of our communities across western Connecticut.” Working with Connecticut nonprofit organizations to direct grants toward pandemic-related issues is just one of the many ways MSCU is helping with COVID-19 relief efforts. For more information about how MSCU is responding to the pandemic, please visit the frequently updated COVID-19 resource center. About FHLBank Boston Together with their member institutions, the Federal Home Loan Bank System represents the largest collective source of home mortgage and community credit in the U.S. The System ensures that members provide stable, on-demand, low-cost funding to their communities through home mortgages and lending for small business as well as rural, agricultural and economic development. Federal Home Loan Banks were established by the Federal Home Loan Bank Act in 1932. The 11 Federal Home Loan Banks are located throughout the country in Atlanta, Boston, Chicago, Cincinnati, Dallas, Des Moines, Indianapolis, New York, Pittsburgh, San Francisco and Topeka. The FHLBank Boston provides highly reliable wholesale funding, liquidity and a competitive return on investment to member institutions. Their strength ensures the economic health and well-being of our local communities. The FHLBank Boston is cooperatively owned by more than 440 New England financial institutions, including Mutual Security Credit Union. About Mutual Security Credit Union Mutual Security Credit Union has been serving members since 1954. As a not-for-profit organization owned by more than 29,000 members, it serves the community and various employer groups. The Company’s mission is to provide its member-owners with innovative financial solutions that enhance their economic well-being. From green initiatives to charitable giving to financial education programs, Mutual Security Credit Union prides itself on being an active and responsible member of western Connecticut. Mutual Security Credit Union had total assets of $336 million as of November 2020. For more information visit, www.mscu.net.
541 Westport Avenue, Norwalk, CT 06851 | 203.402.7400 | mscu.net Facebook | Instagram | LinkedIn Member Profile | Member Since 2001
Originally published on the Mutual Security Credit Union Blog. Media Contact: Brittany Ruggiero Mutual Security Credit Union 800.761.2400 · ext. 2402 bruggiero@mscu.net Shelton, CT: Mutual Security Credit Union (MSCU) is proud to announce its facilitation in the distribution of $100,000 in grant funding to support 12 local nonprofit organizations as part of the Federal Home Loan Bank of Boston’s 2020 Jobs for New England Recovery Grant Program, a relief program designed to help FHLBank members provide financial support to Small Business Administration-defined small businesses and nonprofit organizations that have experienced hardships during COVID-19. Grant recipients include St. Vincent DePaul Mission of Waterbury, Homes for the Brave (Applied Behavioral Rehabilitation Institute), Open Door Shelter, Adams House (The Adam Wysota Foundation), Credit Unions Building Financial Independence (CT Credit Union League Charitable Foundation), Sterling House Community Center, Spooner House (Area Congregations Together, Inc.), Domestic Violence Crisis Center, The Valley United Way, Habitat for Humanity of Greater Waterbury, HubCap of Wallingford, and Shelton Economic Development Corporation. The grants, ranging from $5,000 to $10,000, will help this network of nonprofits continue their important work on the front lines of this crisis in a variety of ways including:
"We are fortunate to have FHLBank Boston as a partner in our efforts to elevate the wellbeing of our community,” said Hank Baum, MSCU President and Chief Executive Officer. “Being rooted in our community we are acutely aware of the impact the pandemic has had on these nonprofits and the JNE Recovery Grant Program gave us a wonderful opportunity to identify and facilitate solutions that will help alleviate pressures this pandemic has brought. We intend for these grants to help solidify these organizations and their support of our communities across western Connecticut.” Working with Connecticut nonprofit organizations to direct grants toward pandemic-related issues is just one of the many ways MSCU is helping with COVID-19 relief efforts. For more information about how MSCU is responding to the pandemic, please visit the frequently updated COVID-19 resource center. About FHLBank Boston Together with their member institutions, the Federal Home Loan Bank System represents the largest collective source of home mortgage and community credit in the U.S. The System ensures that members provide stable, on-demand, low-cost funding to their communities through home mortgages and lending for small business as well as rural, agricultural and economic development. Federal Home Loan Banks were established by the Federal Home Loan Bank Act in 1932. The 11 Federal Home Loan Banks are located throughout the country in Atlanta, Boston, Chicago, Cincinnati, Dallas, Des Moines, Indianapolis, New York, Pittsburgh, San Francisco and Topeka. The FHLBank Boston provides highly reliable wholesale funding, liquidity and a competitive return on investment to member institutions. Their strength ensures the economic health and well-being of our local communities. The FHLBank Boston is cooperatively owned by more than 440 New England financial institutions, including Mutual Security Credit Union. About Mutual Security Credit Union Mutual Security Credit Union has been serving members since 1954. As a not-for-profit organization owned by more than 29,000 members, it serves the community and various employer groups. The Company’s mission is to provide its member-owners with innovative financial solutions that enhance their economic well-being. From green initiatives to charitable giving to financial education programs, Mutual Security Credit Union prides itself on being an active and responsible member of western Connecticut. Mutual Security Credit Union had total assets of $336 million as of November 2020. For more information visit, www.mscu.net.