Project Grant 211TA057005G

The Department of the Treasury Community Development Financial Institutions Fund awarded a $125,000 Project Grant to 705 Federal Credit Union 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 low-income communities and individuals who lack adequate access to affordable financial products and services through September 2023. Funding will be used for technical assistance activities including personal and professional services, travel, training, equipment and supplies. The intended outcomes are to strengthen 705 Federal Credit Union's ability to promote economic revitalization and community development in underserved markets across the United States as defined under the program. No subrecipient activities were indicated.