PASADENA, Calif., Nov. 9, 2020 /PRNewswire/ -- CIT and its
Pasadena-based banking subsidiary
CIT Bank, N.A. today announced a grant to Urban League of
San Diego County (ULSDC) to
enhance digital access for underrepresented individuals in
San Diego County during
COVID-19.
The grant is awarded as part of The Federal Home Loan Bank of
San Francisco (FHLBSF)'s 2020
AHEAD Program and is one of 97 grants provided this year by FHLBSF
member financial institutions to nonprofits in Arizona, California and Nevada.
The AHEAD grant will support ULSDC in fully transitioning to a
remote, virtual-based environment during COVID-19 and beyond to
allow the nonprofit to continue to provide classes, meetings,
counseling and other program services that assist underrepresented
populations in San Diego County to
achieve social and economic equality.
"We are extremely honored to be selected as a grant recipient of
the 2020 AHEAD Program and are grateful for CIT's partnership and
assistance in securing this grant," said Ray King, president and CEO, at Urban League San
Diego County. "The grant allows us to serve more families and
individuals during the pandemic and beyond through an array of
programs and services that aim to empower communities by focusing
on youth education, family support and employment."
"CIT is proud to support causes that empower our communities and
advocate for organizations making a difference," said Steve Solk, president, Consumer Banking at CIT.
"This grant to Urban League of San Diego
County will allow them to continue to deliver crucial
assistance programs and support services virtually, advancing
digital access for the communities they serve at a time of
increased need."
About ULSDC
Organized in 1953, the Urban League of San Diego County (ULSDC) is a community based,
direct service, nonprofit 501(c)(3) and an affiliate of the
National Urban League that focuses on empowering underserved
communities. ULSDC works to achieve social and economic equality
through advocacy, bridge building, programs, services, and
research. ULSDC maintains a strong focus on policy, practice, and
protest regarding socio-economic stability, youth education,
health, and family support services through its programmatic
services.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
MEDIA RELATIONS:
Lexa Tutela
212-461-5305
Alexandra.Tutela@cit.com
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SOURCE CIT Group Inc.