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UNION CENTER NATIONAL BANK ANNOUNCES MORTGAGE REFINANCING TRANSACTION

 UNION, N.J., Feb. 23 /PRNewswire/ -- The Union Center National Bank has provided $1.5 million in mortgage refinancing to Community Access Unlimited, Inc., an Elizabeth-based social service agency which supports individuals with disabilities.
 According to John J. Davis, president and chief executive officer, the bank has provided the funds to replace existing financing for 26 properties owned by the agency in Elizabeth, Linden, Hillside, Plainfield and Roselle. Twenty-five properties are residential, providing housing for approximately 70 individuals, and one is zoned commercial.
 The transaction is a part of the Union Center National Bank's commitment to provide support for affordable housing in its home county of Union. The bank has offices in Union, Springfield and Berkeley Heights. "We are delighted to assist Community Access Unlimited in its commendable efforts to help people with disabilities find and occupy suitable housing that's affordable," said Davis. "Moreover, helping people with handicaps is a sound investment in at least two ways: it enables them to become productive members of society; and, it makes economic sense from a banking perspective," he concluded.
 Sidney Blanchard, executive director of Community Access Unlimited, lauded the bank for its "exemplary corporate citizenship. Not only has this transaction helped lower our costs for providing affordable housing, but also it facilitates the acquisition of additional units to accommodate others in need."
 Community Access Unlimited was founded in 1979 as the Association for the Advancement of the Mentally Handicapped (AAMH), a non-profit agency geared toward broadening the opportunities for individuals with handicaps to live, work and socialize in the community. Last month, the organization moved its operations to a recently refurbished 44,000- square-foot office building located at 80 West Grand St. in Elizabeth. At the same time, the name was changed to Community Access Unlimited which better reflects the work being done and the individuals served.
 Today, more than 1,500 New Jersey residents are benefiting from a variety of agency programs and support services. Community Access members include individuals with brain damage, mental retardation, learning disabilities, neurological impairments, mental and emotional illnesses, cerebral palsy and orthopedic handicaps. Information about their services may be obtained by contacting Community Access Unlimited, 80 West Grand St., Elizabeth, N.J., 07207-1447.
 -0- 2/23/93
 /CONTACT: G.M. Lind of Green Lind & McNulty Inc., 908-686-7500, for Union Center National Bank/


CO: Union Center National Bank ST: New Jersey IN: FIN SU:

CK-OS -- NY040 -- 9375 02/23/93 11:27 EST
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Date:Feb 23, 1993
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