The Consolidated Federal Credit Union received a $590,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on December 8, 2021 to promote economic revitalization and community development through December 31, 2024. Under the Community Development Financial Institutions Program (CFDA 21.020), the funding will support financial products, financial services, development services, loan loss reserves, and capital reserves to build the credit union's capacity to lend to eligible markets and target populations as defined in 12 C.F.R. 1805, with the goal of serving rural and urban low-income communities and individuals who lack access to affordable financial options. As a certified Community Development Financial Institution, Consolidated Federal Credit Union will use the grant funds to directly provide community development loans and services.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $590.0k | 12/8/21 |