San Jose, CA, January 21, 2021 – Meriwest, one of Silicon Valley’s Premier Credit Unions sponsored grants through the Federal Home Loan Bank to support projects of two Community Based Nonprofits. The Credit Union also provided additional support to local charities to assist them in meeting the needs of their clients during the pandemic.
Meriwest sponsored a grant of $1,055,000.00 for CityTeam San Jose through theFederal Home Loan Bank’s Affordable Housing Program. This project will renovate an existing transitional housing and emergency shelter for homeless and low income residents. It will also provide meals and improve the financial mobility of residents through financial educational workshops.
In addition to the grant, Meriwest also hosted a holiday drive for residents donating men’s clothing, toys and books to support their literacy program. According to CityTeam’s San Jose Executive Director, John Scott, this grant will provide major restroom and air systems improvements to their residential facilities where hundreds of men each year receive hot meals, transitional housing, and supportive services that launch them into permanent housing, full-time employment, and the life-skills needed to continue their success. "CityTeam is so thankful for Meriwest's support in obtaining this funding and their ongoing care for our community members' well-being."
Meriwest also sponsored a Pandemic Relief grant of $37, 500.00 for the African American Community Services Agency through the Federal Home Loan Bank’s Access to Housing and Economic assist for Development (AHEAD) program.The AHEAD grant will be used for operating support and needs-based services to ethnically diverse low-income families and seniors in San Jose and greater Santa ClaraCounty.
In addition to the grant, Meriwest provided staff hours, sponsorships for virtual events and non-perishable food to support the Community free food program. Milan Balinton, Executive Director of AACSA said “The African American Community Services Agency is thankful to Meriwest Credit Union for sponsoring us. With these funds, we have the ability to serve more of our community residents. Thank you Meriwest Team for your contributions to help our community.”
“Particularly during this unprecedented time, Meriwest is honored to work with the Federal Home Loan Bank of San Francisco to secure grants to these very worthy recipients. We are part of this community of people helping people and we will continue our pledge to support and work on behalf of those most in need.” Said JulieKirsch, President and CEO of Meriwest Credit Union.
Meriwest has had a longstanding commitment to improve the lives of residents of communities we operate in. In 2020, individual staff donations to various charities exceeded $23,000.00 and 100% of our employees volunteered over 1000 hours to help feed, clothe or increase financial literacy of our community residents.Throughout the most challenging year we have endured, Meriwest was out in the community doing our part to help others. We live and breathe the Credit Union Motto of “people helping people.”
About Meriwest Credit Union
Meriwest Credit Union, one of Silicon Valley’s largest and established financial institutions, has been providing proactive, personal, convenient and innovative financial services to over 82,000 businesses and families throughout the San FranciscoBay Area and Tucson, Arizona, for more than 59 years. More information can be found at www.meriwest.com
About Federal Home Loan Bank
Federal Home Loan Bank San Francisco is a cooperatively-owned wholesale bank. We are a reliable partner for member financial institutions of all sizes – supplying ready access to competitively-priced liquidity, expert financial services, and resources for targeted community and economic development – in all phases of the economic cycle. We partner with our members to promote homeownership, affordable housing, and economic development.