The Community Development Financial Institutions Fund within the Department of the Treasury awarded Community South Credit Union a $590,000 Project Grant under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified Community Development Financial Institutions for products, services, development services, loan loss reserves, and capital reserves targeting eligible markets and low-income communities and populations as defined in 12 C.F.R. 1805. The funding will allow Community South Credit Union to build its financial capacity to lend and serve rural and urban low-income individuals and communities across the nation that lack adequate access to affordable financial options through December 2024.
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