Representatives of People's Credit Union and General Treasurer, Seth Magaziner, recently visited Steel Giraffe owner, Stephen Kelly. Located in Portsmouth, RI, Steel Giraffe is a company that specializes in crane rentals, rigging, custom fabrication, and dock work and is a participant of Treasurer Magaziner's community deposit program, BankLOCAL. People's Credit Union is a proud partner of in the BankLOCAL program and helped Steel Giraffe with their small business lending needs.
The BankLOCAL community deposit program has moved up to $30 million in state deposits to local banks and credit unions since its launch in 2017 and has helped more than 200 Rhode Island small businesses such as Steel Giraffe. The goal of the program is to support local financial institutions as they lend to small businesses in the Ocean State. State deposits are made locally to support qualifying loans made by participating financial institutions.
A video of the visit can be viewed by clicking HERE.
More information about the program is available HERE.
Amy Martel, Executive Vice President, Chief Operating Officer, People's Credit Union General Treasurer Seth Magaziner, Steven Carniero, Business and Mortgage Lending Manger,and Stephan Kelly, Owner, Steel Giraffe.