BAXTER, Minn.–Mid Minnesota Federal Credit Union has presented $140,000 in grants to local charities and organizations across central Minnesota.

“On a regular basis, we work with our members who may be going through some down times or some hardships, and we look for resources to help them, not just with their banking needs, but, you know, across the needs of their family and a broader spectrum,” CEO Bob Gerads said in a statement. “So, it just is a natural connection to what we do at Mid Minnesota.”

The funds were distributed through the Federal Home Loan Bank of Des Moines’s Member Impact Fund, a program that provides organizations that are members of the bank $3 for every dollar donated through grants to support the needs of their local communities.

“Community development opportunities, business development is really a part of what Federal Home Loan Bank does, and they work with partner organizations; we’re a member of the Federal Home Loan Bank,” added Gerads in a statement. “So it’s just a great opportunity to kind of help the philanthropy that we do anyway.”

A $20,000 check was presented to the Lakes Area Food Shelf in Pequot Lakes to be distributed to food shelves in the region.

In Cass County, a check of $100,000 was presented to the Cass County Economic Development Corporation for the development of a neighborhood off of County Road 37 in Walker.

An additional $20,000 donation was given to the Initiative Foundation through the Member Impact Fund.