Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP056563G
- Recipient
-
Chicago Municipal Employees Credit Union UEI QYACVP8GFNM3
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $1,826,265
Award facts
- Assistance listing
- 21.024 Community Development Financial Institutions Rapid Response Program (CDFI RRP)
- Completion date
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
The Chicago Municipal Employees Credit Union (CMECU) 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) on June 15, 2021. The grant will support CMECU's ability to provide financial products and services through December 31, 2023 to address the economic impacts of the COVID-19 pandemic in its service areas. The CDFI RRP aims to support Community Development Financial Institutions like CMECU as they prepare for and respond to the pandemic's economic effects. Operating as Chicago Municipal Employees, CMECU will use the funding to deliver loans, investments, financial services and other assistance to support community development and ensure access to affordable credit for underserved people and communities.
Quick answers
Who received award 21RRP056563G?
21RRP056563G was awarded to Chicago Municipal Employees Credit Union by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP056563G worth?
$1,826,265 has been obligated on 21RRP056563G.
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