Grant Relief Program 1st & 2nd Round :: Unilever Federal Credit Union

Caring for our community

Unilever Federal Credit Union recently provided grants to 20 local New Jersey small businesses and non-profits that have been affected by the current health crisis. Grants were in the amount of $10,000.00 each.

The New Jersey businesses receiving grants included restaurants, barbershops, day care centers, dry cleaners, beauty salons and animal shelters. The grants were provided to help business owners with meeting their financial obligations and to continue operating their businesses.

Funding for the grants was provided by the Federal Home Loan Bank of New York, of which the credit union has been a long-time member. The Federal Home Loan Bank of New York was chartered in the 1930s by the United States Congress, and provides funding to credit unions and community banks in New Jersey and New York (as well as Puerto Rico and the US Virgin Islands) so that these financial institutions can offer mortgage funding to their customers and members.

Each year, the Federal Home Loan Bank of New York contributes 10% of their annual profit to promote affordable housing for low- and moderate-income citizens who live in the communities where the Bank serves. In addition to the funds provided for this small business grant program, the Federal Home Loan Bank of New York, most recently provided grants totaling over $45,000,000.00 for affordable housing initiatives. Affordable housing projects that most recently received grants include New Jersey housing projects in Newark, Jersey City, Paterson, Paramus, South Orange, Ridgewood and Westwood.

Affordable housing projects in New York that received grants include projects located in Brooklyn, The Bronx, Nanuet, Rochester and Yonkers. You can learn more about the Federal Home Loan Bank of New York here: www.fhlbny.com

The recipients of UFCU’s COVID-19 Emergency Response Grants are as follows, by county in New Jersey:

Bergen County

MLD
Teaneck, NJ 07666
Owner: Maritza Waiters

Kang’s B & A Cleaners
Rochelle Park, NJ 07662

Sedona Restaurant
Cliffside Park, NJ 07070

Watch the presentation video:

https://www.dropbox.com/s/5jnpjvcakm9uf58/CP%20Special%20Report%20Unilever%20Credit%20Union%20Donation.mp4?dl=0

Testimonial from Grant Recipient

Thank you very much! As u know We have completed 81 charity food drops Mayor Thomas Calabrese came down to help at our latest drop!

With this grant i will identify 5 churches in the area with food banks and provide 300 hot meals to each church totaling 1500 hot meals in this much needed time! Cannot tell u how much I appreciate this it will cover costs.
That will bring me up to 86 drops!

I was very excited about grant and wanted to share with the community! It is also very important for me that people understand where the contribution is coming from! I hope you don’t mind!

Mendi Zuta
Sedona Restaurant

Che Paul Hair Studio
Cliffside Park, NJ 07010
Owner: Paul Descalzi

Watch the presentation video

Cliffside Park on Demand: A second local business is awarded a $10,000 check from the Unilever Federal Credit Union to help during these unprecedented times….Video curated and produced by Linda McCue

Posted by Borough of Cliffside Park on Tuesday, September 1, 2020