F&M Trust Supports Homeless Shelter
Bill Snell (left), President and CEO of F&M Trust, presents a check for $1,000 to Megan Shreve and Trudy Wesley for the SCCAP at the Franklin County Shelter for the Homeless in Chambersburg
(Chambersburg) F&M Trust presented a check for $1,000 to the South Central Community Action Programs (SCCAP) in financial support of the Franklin County Shelter for the Homeless in downtown Chambersburg.
In August 2009, William E. Snell, Jr., President & Chief Executive Officer, announced that the bank had extended a line of credit to SCCAP for interim financing of $50,000 to be used for the homeless shelter until they received reimbursement from the state and to keep the Women, Infants, and Children (WIC) program open as they searched for funding. State funds budgeted for the shelter of about $60,000 were needed at the time to pay salaries and other operational expenses, but those funds were tied up in the legislative budget impasse in Harrisburg.
Additionally Snell had announced that once the line of credit was repaid following the reimbursement of state funding, the bank would make a donation to the shelter equal to the amount of interest accrued on the funds accessed by the shelter, essentially providing an interest-free line of credit. However since SCCAP managed to work through the period without accessing the line, the bank decided to make a financial contribution.
"We are so appreciative of this donation and of the support F&M Trust has offered to the shelter and to SCCAP," said Megan Shreve, Executive Director. "F&M Trust has been an amazing example of a bank that is interested in the wellbeing of the community. During the budget impasse, they offered assistance that helped ensure the shelter could stay open. And now this donation will provide needed services to help families get back on their feet."
The SCCAP is a private, non-profit organization that assists low-income individuals and families by providing a variety of services and programs. This year SCCAP served more than 26,000 individuals – nearly 10% of the population of Adams and Franklin counties.
According to Trudy Wesley, program coordinator, the 18-bed shelter serves more than 116 people year round. Most of the people accepted at the shelter have been evicted due to loss of income or under-employment. Eight out of 10 clients are employed but are currently in jobs that are not family-sustaining.
F&M Trust Company is an independent community bank headquartered in Chambersburg with over $975 million in assets. With twenty-five community-banking offices in Franklin, Fulton, Cumberland, and Huntingdon Counties, the bank has offices in Chambersburg, St. Thomas, Waynesboro, Marion, Mont Alto, Greencastle, Shippensburg, Orbisonia, Hustontown, McConnellsburg, Warfordsburg, Newville, Carlisle, and Boiling Springs.
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