Project Grant 211FA057805G

Award Date 12/8/21
Completion Date 12/31/24
Dollars Obligated $590K
Federal Grant Program
21.020
Assistance Type
Project Grant
Place of Performance
United States
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This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $590,000 to Oswego County Federal Credit Union to promote economic revitalization and community development through December 2024. The funding supports financial products, services, development services, loan loss reserves, and capital reserves targeted towards low-income communities and individuals across the United States consistent with the Community Development Financial Institutions Program (CFDA 21.020). Specifically, the award is intended to build the credit union's capacity to lend and provide affordable access to financial services in eligible markets and its approved target population as defined in program regulations. No subrecipient activities are indicated. The Community Development Financial Institutions Program aims to strengthen CDFIs and expand economic opportunity in underserved areas through investment and technical assistance as delivered under the terms of this December 2021 grant award.

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