Project Grant 21RRP056432G

Award Date 6/15/21
Completion Date 12/31/23
Dollars Obligated $1.2M
Federal Grant Program
21.024
Assistance Type
Project Grant
Place of Performance
United States

The Northern New Mexico School Employees Federal Credit Union (NNMSEFCU) was awarded a $1.15 million project grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant will support NNMSEFCU's ability to respond to the economic impacts of the coronavirus by providing financial and lending services to communities and populations affected by the pandemic from June 2021 through December 2023. As a Community Development Financial Institution, NNMSEFCU aims to deliver products and services that respond to emerging needs and promote community development in low-income areas. This award will help NNMSEFCU prepare for and address credit and banking needs arising from the ongoing public health and economic crises through the end of 2023.

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