Our Employee Assistance Fund (EAF) was created to support Flagstar Bank employees facing financial challenges in the wake of a federally declared disaster. The fund helps cover such costs as basic living expenses, essential utilities, medical bills not covered by insurance, and funeral expenses for immediate family members.

The EAF enables us to focus efforts inward on our co-workers’ needs and wellness. It demonstrates compassion and empowers us to come together to support each other.

Through the joint efforts of employees and the Flagstar Foundation, we’ve provided nearly $242,250 in grants to 323 colleagues since the fund’s inception in 2020.

Applications were received from Arizona, California, Florida, Georgia, Indiana, Louisiana, Michigan, North Carolina, Tennessee, and Texas. Financial hardship due to COVID-19 was the cause behind the majority of colleague requests. Others asked for help with costs to evacuate or repair property damage after a natural disaster. 

Employee quotes:

“Support for our employees and their families is what makes Flagstar special.”

“This makes me so proud to be a part of this organization. I’m really happy to see us looking out for members of our Flagstar family.”