Last Updated on November 7, 2022 by admin
PHOENIX, Oct. 19, 2020 /PRNewswire/ — Oxford Life Insurance coverage Firm®, by way of its membership with FHLBank San Francisco®, has helped facilitate a $37,500 AHEAD financial growth grant to be awarded to River Cities United Approach of Lake Havasu Metropolis.
Because the member sponsor for River Cities United Approach, Oxford Life appears ahead to aiding one in all Arizona’s 12 United Approach chapters with its deployment of its Leap Begin Restoration program.
“As a brand new member institute of the FHLBSF, Oxford Life was excited to be taught in regards to the AHEAD grant program and the way members can function sponsors for non-profit organizations which are searching for funding for neighborhood help and outreach packages,” acknowledged Lauren Barbaruolo, Director of Compliance at Oxford Life.
“Oxford Life proudly helps the mission assertion of River Cities United Approach, and is honored to accomplice with them as they use this grant cash to assist these people and companies that have been adversely impacted by the devastating results of COVID-19.”
The Leap Begin Restoration program requires aiding the restoration of people and companies affected by COVID- by maximizing job stability and financial power in the neighborhood. Targets embody serving to companies rent extra staff at full-time standing whereas curbing the variety of residents that threat being evicted or changing into homeless.
It’s estimated there are roughly 6,160 hospitality-sector jobs in Lake Havasu Metropolis alone, and 33,769 throughout Mohave County. This equates to 65.eight% of the native financial system that’s reliant on the operations of eating places, lodges and retail jobs that took a downturn throughout the pandemic. This system goals to help the hospitality business and reduce the quantity of at-risk households in each La Paz and Mohave County.
AHEAD grants are awarded yearly and delivered by way of FHLBSF member monetary establishments to native organizations for tasks and packages that profit lower-income and underserved communities. River Cities United Approach will submit remaining documentation by Nov. 13. FHLBSF funds grants inside 30 days from the time that documentation is obtained.
“We’re happy to accomplice with our member Oxford Life to supply funding to River Cities United Approach,” stated Marietta Núñez, Senior Vice President and Group Funding Officer at FHLBank San Francisco. “Their collaborative strategy to assembly the pressing pandemic-related monetary wants of companies, households and people will make a distinction instantly, and likewise assist the Lake Havasu neighborhood get well from the shocks of COVID-19.”
Oxford Life Insurance coverage Firm focuses on supporting the senior market with merchandise that assist meet their monetary wants, with an emphasis on life insurance coverage and annuities. Oxford Life is a member of AMERCO®, a publicly traded monetary holding community. Different AMERCO holdings embody U-Haul Worldwide, Inc. and Repwest Insurance coverage Firm.
Go to oxfordlife.com to be taught extra.
About Oxford Life
Oxford Life Insurance coverage Firm was based within the Grand Canyon state of Arizona in 1965 and stays dedicated to supporting the senior market by way of life insurance coverage, annuity and Medicare complement merchandise that meet their monetary wants. Oxford Life is regularly working to help its mission of enabling seniors to dwell with dignity of their retirement years by way of monetary safety. Oxford Life is a robust participant in each area the place it competes, and continually strives to be a pacesetter in all classes of the life insurance coverage and annuity markets. Oxford Life is a member of AMERCO®, a publicly traded monetary holding community.
Director of Compliance
Oxford Life Insurance coverage Co.
SOURCE Oxford Life Insurance coverage Firm