Community

6/26/2026 Thomas Sung, Chairman of Abacus Federal Savings Bank, is pleased to announce that the Federal Home Loan Bank of New York (FHLBNY) approved Abacus Federal Savings Bank’s application for grant funding to support eleven non-profit organizations serving the local communities in New York. Each organization received grant funds to support their operational needs. Chairman Sung, Director Vera Sung, and Jill Sung, President, presented the grant checks on June 26, 2026, at 11:00 AM at the Abacus Federal Savings Bank’s Bowery Branch in Manhattan. The funding was made possible through FHLBNY’s Small Business Recovery Grant Program. FHLBNY’s purpose is to promote affordable housing and community development. Abacus Federal Savings Bank is proud to be a member of FHLBNY and to play a role in advancing their mission. Below is a list of the eleven non-profit organizations that received the grants. Collectively, these long-time organizations have served our communities in areas of youth development and education, services for family and seniors, support for small businesses, and community safety 1. New York Chinese School 2. Welcome to Chinatown, Inc. 3. CITYarts, Inc. 4. Immigrant Social Services, Inc. 5. Homecrest Community Services, Inc. 6. Kiwanis Club for Community Care Foundation, Inc. 7. CaringKind 8. Chinatown Day Care Center, Inc. 9. Concrete Safaris, Inc. 10. Think!Chinatown 11. Garden of Hope, Inc.