Project Grant 211TA058067G

The Department of the Treasury Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Demopolis Federal 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 low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2023. Funds will be used for technical assistance activities including compensation for personal and professional services, travel costs, training and education, equipment, supplies, and other eligible expenses outlined in the Uniform Administrative Requirements. The overarching goal is to promote economic revitalization and community development by strengthening the credit union's ability to provide financial services that meet the needs of underserved markets consistent with the objectives of the CDFI Program.