The federal Project Grant award of $800,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Oswego County Federal Credit Union, a certified CDFI. The grant aims to support the credit union's efforts to provide financial services, loans, investments, and technical assistance to underserved communities, primarily low-income, Native American, and economically disadvantaged populations. Specifically, the funding...
The Oswego County Federal Credit Union received a $2,478,839 Project Grant award from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The April 10, 2023 award will support expanding lending, grant making, and investment activities through December 31, 2028 to address economic impacts in low- and moderate-income communities disproportionately affected...
Opportunities Credit Union will use a $456,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund to promote economic revitalization and community development. Under the Community Development Financial Institutions Program, the funding will support financial products, services, development services, loan loss reserves, and capital reserves to build the credit union's capacity to lend to eligible markets and low-income communities across...
This $625,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Orange County's Credit Union in delivering 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 will help build the credit union's capacity to lend to rural and urban low-income communities and individuals who lack adequate access to...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Syracuse Cooperative Federal Credit Union $525,000 under the Community Development Financial Institutions Program (CFDA 21.020) to support community development and revitalization efforts through February 2023 to December 2026. This Project Grant aims to build the capacity of certified Community Development Financial Institutions like Syracuse Cooperative Federal Credit Union to invest in and provide...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $136,163 Project Grant to Oswego County Federal Credit Union through the Small Dollar Loan Program (CFDA #21.025). The grant will enable the credit union to establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. This program aims to provide an alternative to high-cost small dollar loans and help the unbanked and underbanked build credit and...
This $175,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Northeast Community Federal Credit Union in delivering 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 will help build the credit union's capacity to lend to rural and urban low-income communities and individuals who lack...
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...
This $660,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the delivery of financial and capacity building services to community development organizations through June 2026. Administered under the Community Development Financial Institutions Program, the funding was awarded to USF Federal Credit Union to invest in and assist certified and emerging Community Development Financial Institutions. Through monetary awards...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to the Federation of Greene County Employees Federal Credit Union under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the provision of technical assistance services to build the credit union's organizational capacity to serve low-income communities and individuals in rural and urban areas that lack access to affordable financial...