The Employee Resources Credit Union received a $1.8 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support the credit union's ability to respond to the economic impacts of the coronavirus pandemic through the program completion date of December 31, 2023.
As the recipient of CDFI RRP funding, Employee Resources Credit Union will utilize the $1.8 million to provide credit and financial services that address the economic effects of COVID-19 in its communities through the end of 2023. The CDFI Rapid Response Program aims to support Community Development Financial Institutions in assisting businesses and individuals impacted by the pandemic.