Southern California Wildfire Relief and Recovery

In partnership with 41 member community financial institutions of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco), $3.9 million in critical funding to has been delivered to support communities impacted by this year’s devastating Southern California wildfires.

FHLBank San Francisco delivered $1.4 million in matching funding to more than two dozen local nonprofits providing direct relief on the ground. Among the FHLBank San Francisco member community financial institutions that participated in the matching funds, 17 requested the $50,000 maximum amount to match donations they made, including Wescom Central Credit Union which donated over $100,000 to the American Red Cross.

"At Wescom, we are committed to supporting the financial well-being and resilience of our community, especially during times of crisis. In partnership with our credit union members and the Federal Home Loan Bank of San Francisco, we acted swiftly to provide not only the necessary financial resources but also to mobilize essential supplies,” said Darren Williams, President and CEO of Wescom Financial. “This effort is part of Wescom’s longstanding commitment to corporate social responsibility, and we remain focused on advancing our support as our community rebuilds."

Donations were directed to nearly 50 local nonprofits and community organizations, including:

• American Red Cross

• California Community Foundation

• Community Build, Inc.

• Door of Hope

• Fire Family Foundation

• Los Angeles County Economic Development Corporation

• Pasadena Community Foundation

• Union Station Homeless Services

• United Way of Greater Los Angeles

• USC Community Credit Union Foundation

• West Angeles Community Development Corporation

• YMCA of Metropolitan Los Angeles

Participating FHLBank San Francisco members:

• American Business Bank

• Banc of California

• Bank of Marin

• CA Community Reinvestment Corp

• California Coast Credit Union

• Caltech Employees Federal Credit Union

• Cathay Bank

• Christian Community Credit Union

• Citizens Business Bank

• City National Bank

• Clearinghouse CDFI

• Community Vision Capital & Consulting

• CTBC Bank

• East West Bank

• Employers Compensation Insurance Co

• Farmers & Merchants Bank Long Beach

• Firefighters First Federal Credit Union

• First City Credit Union

• First Entertainment Credit Union

• First Foundation Bank

• First Technology Federal Credit Union

• Genesis Bank

• Hanmi Bank

• Heritage Bank of Commerce

• Lendistry

• Lexicon Bank

• Logix Federal Credit Union

• Low Income Investment Fund

• Mechanics Bank

• New Omni Bank NA

• Northrop Grumman FCU

• Pacific Life and Annuity Company

• Pacific Service Credit Union

• PCB Bank

• Preferred Bank

• Royal Business Bank

• SchoolsFirst Federal Credit Union

• SESLOC Federal Credit Union

• Stanford Federal Credit Union

• USC Credit Union

• Wescom Central Credit Union

In support of longer-term housing recovery, FHLBank San Francisco contributed $300,000 to California Fire Foundation and $300,000 to Habitat for Humanity of Greater Los Angeles, two leading nonprofits actively contributing to wildfire recovery in Southern California.

“These funds from the Federal Home Loan Bank of San Francisco are very helpful in serving as a catalyst to help the local wildfire recovery efforts,” said Erin Rank, president and chief executive officer of Habitat for Humanity of Greater Los Angeles. “We are deploying the funds to our Together, We Can ReBUILD LA^® initiative that is focused on helping families rebuild, relocate, provide essential goods, provide rental or mortgage assistance, and other intermediate housing needs.”