Latino Community Credit Union received a $690,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program to promote economic revitalization and community development. The funding must be used for financial products, services, development services, loan loss reserves, and capital reserves to build Latino Community Credit Union's capacity to lend to eligible markets and low-income...
Latino Community Credit Union was awarded a $3.7 million project grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant-making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The grant will allow the credit union to increase financing options through 2028 for underserved minority borrowers and build technological and staff capacity to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $900,000 Project Grant to the Latino Community Credit Union, a minority-owned nonprofit financial institution based in Durham, North Carolina. The grant, which runs from September 2024 through December 2027, supports the credit union's efforts to deliver financial services, loans, investments, and technical assistance to underserved communities, particularly Hispanic Americans and other...
Community Credit Union received a $1,826,265 CDFI Rapid Response Program award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The award is part of the CDFI RRP, which provides funding through December 31, 2023 to support CDFIs in addressing economic impacts of the coronavirus pandemic. Specifically, the funding will enable Community Credit Union to prepare for and respond to pandemic-related needs through its role as a CDFI serving...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Latino Community Credit Union $660,000 under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) to support community development and revitalization efforts. Through this three-year Project Grant ending December 2026, Latino Community Credit Union will promote economic growth and self-sufficiency in underserved communities by providing $660K in loans,...
The US Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded US Community Credit Union a $1.8 million Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support US Community Credit Union's ability to respond to the economic impacts of the coronavirus by providing $1.8 million in financing and related services to communities and populations affected by the...
The University of La Federal Credit Union was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) to support, prepare for, and respond to the economic impact of the coronavirus. The CDFI RRP aims to bolster the ability of Community Development Financial Institutions like the University of La Federal Credit Union to address the needs of local communities and businesses affected by...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $1,826,265 Project Grant to Community Credit Union Of Florida through the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023. The CDFI RRP aims to support Community Development Financial Institutions' ability to address the economic impacts of the coronavirus pandemic. Through this funding, Community Credit...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Rflf 2, LLC $1,826,265 under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 15, 2021 through December 31, 2023. The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic by preparing for and responding to related needs. Through this funding,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1.8 million Project Grant to Cooperativa De Ahorro Y Credito De Lares through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support Cooperativa De Ahorro Y Credito De Lares' ability to respond to the economic impacts of the coronavirus by providing financial and technical assistance services to communities and populations in the United...