The $125,000 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund will support Faith Community United Credit Union Inc.'s provision of technical assistance services. Under the Community Development Financial Institutions Program (CFDA 21.020), the grant aims to build the organizational capacity of certified and emerging Community Development Financial Institutions to serve low-income communities and individuals who lack access to affordable financial products and services. Faith Community United Credit Union will use the two-year funding period ending December 31, 2023 to provide eligible technical assistance activities including personal and professional services, travel, training, equipment and supplies. The intended beneficiaries are for-profit organizations and private non-profits. The grant supports the federal program's goal of promoting economic revitalization and community development.
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