The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $900,000 Project Grant to Merco Credit Union, a certified CDFI based in Merced, California. The grant, awarded on September 26, 2024, supports Merco Credit Union's efforts to deliver financial products and services, such as loans and investments, to underserved and low-income communities. The funding aims to strengthen the credit union's organizational capacity, acquire technology and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $660,000 under the Community Development Financial Institutions Program (CFDA 21.020) to Merco Credit Union through December 31, 2026. This Project Grant aims to promote economic revitalization and community development in Native communities through capacity building and financial support for certified Community Development Financial Institutions (CDFIs). Specifically, the funding will provide monetary...
Merco Credit Union was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant funding will support Merco Credit Union in providing financial products and services to prepare for and respond to the economic impacts of the coronavirus pandemic through December 31, 2023. As a Community Development Financial Institution, Merco Credit Union will utilize the grant...
The $3.72 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) awarded to Merco Credit Union on April 10, 2023 will support expanding lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by COVID-19 through December 31, 2028. As a certified Community Development Financial Institution, Merco Credit Union will use the funding...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Meritus Credit Union a $1,826,265 Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant period runs from June 15, 2021 through December 31, 2023 to support Meritus Credit Union's ability to respond to the economic impacts of the coronavirus pandemic in its service areas. As a Community Development Financial Institution,...
Members Credit Union, Inc. was awarded a $500,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant period is from June 15, 2021 through December 31, 2023 to support the ability of the credit union to respond to the economic impacts of the coronavirus pandemic in the United States. As a Community Development Financial Institution,...
This $800,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, with a period of performance from September 2024 to December 2027, will support the Rivermark Community Credit Union in delivering financial services, loans, investments, and technical assistance to underserved communities. The CDFI Program aims to promote economic revitalization and community development through targeted investments in certified and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Members Credit Union, Inc. 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 rural and urban low-income communities and individuals who lack adequate access to affordable financial products and services. Funds will be used for technical assistance...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $125,000 Project Grant to Municoop under the Community Development Financial Institutions Program. The grant will support Municoop in building its organizational capacity to serve low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2023. As a certified Community Development Financial Institution,...
This $500,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Santa Cruz Community Credit Union in providing financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income communities and individuals across the United States who lack adequate access to affordable options. As part of the Community Development Financial Institutions Program, which aims to promote...