Attention Members: Our Office Hours have temporarily changed in response to COVID-19 concerns. Read more here.
Atención miembros: nuestras horas de oficina han cambiado temporalmente en respuesta a las preocupaciones de COVID-19. Lea más aquí.
Has your business lost revenue due to COVID-19? Coop Fed now has grants available to help impacted small businesses, non-profits, and entities on Indigenous Land. Here is what you need to know to prepare and apply.
We are sorry, but round 1 of grant funding is now closed. A second round of funding may become available.
|Join the Wait List|
Attach financial documents (cashflow statements, point-of-sale reports, or similar) from March and April 2019 and March and April 2020. Coop Fed will analyze these documents to verify a 25% (or more) decrease in revenue.
Attach organizational papers (LLC, DBA, 501(c)3 etc) demonstrating the form and location of the business entity.
We are here to help. Please reach out to Hanah Ehrenreich, Small Business Program Navigator, or check out Coop Fed's Facebook page for upcoming webinar events. Sign up for our small business email list to stay in the loop!
The Federal Home Loan Bank of New York (FHLBNY) helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth. The FHLBNY is part of the congressionally chartered, nationwide Federal Home Loan Bank System altogether having a membership of over 8,000 financial institutions, which was created in 1932 to provide a flexible credit liquidity source for member community lenders engaged in home mortgage and neighborhood lending. The FHLBNY increases the availability of mortgages and home finance to families of all income levels by offering high-value cash management services to assist credit unions in more effectively serving their neighborhoods and meeting Community Reinvestment Act responsibilities.
The Federal Home Loan Banks are all privately capitalized and operated by their member stockholders. They receive no taxpayer funding and raise their funds by issuing debt instruments in the capital markets. Since the FHLBNY is a secured lender, all of our credit products require collateral to maintain our positions as an accessible and cost-effective source of credit for members. Collateral can take the form of securities, residential or multi-family mortgages, or in some cases, commercial real estate. FHLBNY credit products enhance the financial strength of local lenders, providing them with a reliable source of liquidity at competitive prices so they in turn can help meet the housing finance and credit needs of their communities.