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.
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