In 2025, St. Thomas Federal Credit Union (STTFCU) participated in the Small Business Recovery Grant (SBRG) Program for the first time, providing $50,000 in Community Give Back Grants to nonprofit organizations serving communities throughout the U.S. Virgin Islands. The grants supported organizations focused on healthcare access, youth development, and community resilience, critical areas that contribute to the long-term well-being of the islands.
“Becoming the first credit union from the U.S. Virgin Islands to join the FHLBNY is an extraordinary milestone for St. Thomas Federal Credit Union and for the territory as a whole,” said Keisha L. Richards, Chief Executive Officer, STTFCU. “This partnership has opened new doors for us to strengthen our service to members and expand our ability to meaningfully invest in the community. Participating for the first time in the SBRG program in 2025 was a significant step forward, allowing us to donate $50,000 in Community Give Back Grants to organizations that are improving lives across the Virgin Islands.
Through the SBRG program, we supported nonprofits dedicated to healthcare access, youth development, and community resilience, areas that directly impact the long-term well-being of our islands. For a small credit union in a geographically unique region, having access to this level of support is transformative. It enabled us to deepen our outreach, expand our impact, and stand firmly beside the organizations doing essential work on the ground each day.
We are honored to represent the U.S. Virgin Islands within FHLBNY’s membership and look forward to continued collaboration. This first year proves what is possible when mission-driven institutions work together to uplift the communities they serve.”
This initiative reflects the growing opportunities made possible through STTFCU’s membership with the FHLBNY and highlights the important role that community financial institutions play in supporting local organizations and residents.
