Project Grant 21RRP056930G

Award Date 6/15/21
Completion Date 12/31/23
Dollars Obligated $1.8M
Federal Grant Program
21.024
Assistance Type
Project Grant
Place of Performance
United States
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Nova Credit Union was awarded a $1.8 million project grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The grant was awarded under the Community Development Financial Institutions Rapid Response Program (CDFI RRP), a program established to support Community Development Financial Institutions (CDFIs) in preparing for and responding to the economic impacts of the coronavirus pandemic (CFDA 21.024).

Through this two-year award concluding on December 31, 2023, Nova Credit Union will utilize the $1.8 million in federal funding to support its ability to address the credit and capital needs of its constituencies during the pandemic recovery period through the provision of financial products and services.

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