AEA Federal Credit Union and Crossroads Mission awarded 2022 AHEAD Grant from Federal Home Loan Bank of San Francisco
YUMA, AZ (November 30, 2022) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has announced that Crossroads Mission is a recipient of a 2022 AHEAD Program grant for $27,500.
AHEAD Grants are delivered through FHLBank San Francisco’s (www.fhlbsf.com) member financial institutions to local community organizations for projects and programs that offer benefits to lower-income and underserved communities. As an FHLBank San Francisco member financial institution, AEA Federal Credit Union worked with Crossroads Mission to apply for the grant.
“Education is a vital part of our personal and community success,” said Adele Sandberg, President and CEO of AEA Federal Credit Union. “Crossroads Mission understands how important education is and through their Academic Center in the Family Shelter, they are helping individuals achieve their goals and build bright futures. We are grateful that they were selected to receive $27,500 to support their efforts.”
Crossroads Mission (www.crossroadsmission.org) is a faith-based homeless shelter and drug and addiction recovery facility that has been serving the Yuma community since 1959. The Career and Academic Center in the Family Shelter is an adult education center that helps individuals obtain their G.E.D., apply for jobs, and access computer literacy courses and individualized tutoring. AHEAD will help pay for 10 new computers for 500 students to use to further their education and career goals.
“Supporting the goals of those we serve is very important to us,” said Myra Garlit, Chief Executive Officer. “Technology needs for a growing Academic Center are costly and the AHEAD Grant has made our vision a reality.”
The grant is part of a $1.5 million disbursement of AHEAD Grant funds awarded to fund 55 projects that will boost economic development activity and promote financial stability in communities throughout Arizona, California, and Nevada.
“We are pleased to support our member AEA Federal Credit Union’s partnership with Crossroads Mission with AHEAD funding,” said Marietta Núñez, senior vice president and community investment officer at FHLBank San Francisco. “The Mission’s Academic Center is a vital resource for adults in the community who are pursuing education on the path to changing their lives for the better.”
PHOTO CAPTION: (Left to Right) Susan Jorgensen, Crossroads Mission Finance Director, Myra Garlit, Crossroads Mission Chief Executive Officer, and Chris Bolin, AEA Federal Credit Union Community Impact Officer.
About AEA Federal Credit Union
Avenir Financial Federal Credit Union, based in Yuma, Arizona, is a certified Community Development Financial Institution (CDFI) that has been locally owned and operated by its member owners since 1942. Avenir has over $385 million in assets and more than 33,000 members with four branches serving Yuma and La Paz Counties in Arizona. For more information, visit aeafcu.org (before 1/16/24) or avenirfinancial.org (starting 1/16/24.)
About Federal Home Lan Bank of San Francisco
The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions-commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions-foster homeownership, expand access to quality housing, seed or sustain small businesses, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant, equitable, and resilient.
