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Topline FCU effort prompts $800K+ in grants for community
ST. PAUL, Minn. (2/4/13)--TopLine FCU in Maple Grove, Minn., was recognized as an important community partner when Brooklyn Park, Minn., received a $294,000 Affordable Housing Program grant for 2013 from the Federal Home Loan Bank (FHLB).

Click to view larger image TopLine FCU, based in Maple Gove, Minn., joined the city of Brooklyn Park, Minn., Jan. 28, in announcing the city's receipt of a $294,000 Affordable Housing Program 2013 grant. Pictured, from left: TopLine President/CEO Harry Carter, Brooklyn Park Mayor Jeff Lunde, U.S Rep. Erik Paulsen (R-Minn.) and a Federal Home Loan Bank representative. (Photo provided by the Minnesota Credit Union Network)

Topline's involvement was noted during a ceremony on Jan. 28 in Des Moines, Iowa. The new grant brings the total given to Brooklyn Park families through the FHLB-funded program to more than $800,000.

"As one of the city's small businesses, we are proud to be part of this strategy to help individuals fulfill their dreams of owning and maintaining a home," said TopLine President/Harry Carter.

The grant was made available to the city partly due to TopLine FCU's member/owner status with FHLB, and the $326 million asset TopLine's long-standing relationship with Brooklyn Park. The grant follows a 2011 grant of more than $500,000--with which TopLine also was involved.

By working with credit unions and other community institutions, the FHLB provides stable and secure funding to support individuals' dreams of homeownership, said a press releases from the Minnesota Credit Union Network.

The funds come directly from FHLB without using taxpayer dollars and represent 10% of the bank's net earnings. The money is distributed based on a competitive grant process involving communities nationwide. The grants help low-income homeowners maintain their homes, improve energy efficiency and make repairs.

During the ceremony, Carter joined Brooklyn Park Mayor Jeff Lunde and U.S. Rep. Erik Paulsen (R-Minn.) in praising the grant program and its impact on the community. Lunde--noting that this is the second time Brooklyn Park has succeeded with a competitive grant--emphasized that the grants provide crucial funding to support the city's housing strategy to help citizens obtain and retain home ownership.
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