Cdfi rapid response program award

Freedom First Federal Credit Union received a $1,826,265 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund. The grant was awarded under the Community Development Financial Institutions Rapid Response Program, with the CFDA number 21.024, on June 15, 2021 to be completed by March 31, 2024.

The purpose of the funding is to support Freedom First Federal Credit Union's ability to respond to the economic impacts of the coronavirus pandemic in its service areas. As a Community Development Financial Institution, Freedom First will utilize the grant funds to provide loans, grants, technical assistance and other financial products to businesses and communities affected by the pandemic. The CDFI Rapid Response Program aims to bolster the COVID-19 related community development and financial assistance efforts of certified CDFIs across the United States.