The Community Development Financial Institutions Fund within the Department of the Treasury awarded River City Federal Credit Union $560,000 under the Community Development Financial Institutions Program (CDFI Program, CFDA #21.020) through December 31, 2026. This Project Grant aims to promote economic revitalization and community development by supporting the recipient's work as a certified Community Development Financial Institution. Through this award, River City Federal Credit Union will...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to River City Federal Credit Union on September 26, 2024. The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Through this grant, River City Federal Credit Union, a certified CDFI, will utilize the funding to...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded River City Federal Credit Union $3.72 million under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The April 2023 to December 2028 award will enable River City Federal Credit Union to...
River City Federal Credit Union received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP) on June 15, 2021. The grant funding will support River City FCU's ability to respond to the economic impacts of the coronavirus pandemic through December 31, 2023. As a Community Development Financial Institution, River City FCU will use the CDFI RRP grant funds to provide financial products and services...
This $300,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support River City Capital Investment Corp.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding assists the awardee in building its financial capacity to lend to low-income communities and individuals who lack adequate...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded River Financial Corporation $717,900 under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) through December 31, 2026. This Project Grant aims to promote economic revitalization and community development by building the capacity of certified Community Development Financial Institutions (CDFIs) through monetary awards and training opportunities....
River City Capital Investment Corp. was awarded a $312,000 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP). The award period is from June 15, 2021 to June 30, 2023 and will support River City Capital Investment Corp.'s ability to respond to the economic impacts of the coronavirus pandemic in the United States. As part of the CDFI RRP, River City Capital...
This $800,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, CFDA 21.020, supports the Rivermark Community Credit Union in delivering financial services, loans, investments, and technical assistance to underserved communities. The award, which runs from September 2024 through December 2027, aims to build the capacity of this CDFI, enabling it to expand access to affordable financial products and foster economic...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,110,000 Project Grant to River Financial Corporation, a certified CDFI, on September 26, 2024. The grant funding will be used by River Financial Corporation to provide financial services, investments, and technical assistance to support economic revitalization and community development in underserved communities, with a focus on Native American populations. Through this CDFI Program...
The Department of the Treasury Community Development Financial Institutions Fund awarded RVA Financial Federal Credit Union a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the credit union in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2023. Funds will be...