The federal Project Grant award of $1,035,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to the Pine Bluff Cotton Belt Federal Credit Union (PBCFCU), a certified CDFI located in Pine Bluff, Arkansas. The grant funding will enable PBCFCU to expand its lending capabilities, build organizational capacity, and deliver financial products and services to underserved communities, with a focus on supporting job...
This $766,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Pine Bluff Cotton Belt Federal Credit Union's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and its approved target market. The goal is to build the Credit Union's capacity to lend and serve rural and urban low-income individuals and underserved communities across the nation...
Community Credit Union received a $1,826,265 CDFI Rapid Response Program award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The award is part of the CDFI RRP, which provides funding through December 31, 2023 to support CDFIs in addressing economic impacts of the coronavirus pandemic. Specifically, the funding will enable Community Credit Union to prepare for and respond to pandemic-related needs through its role as a CDFI serving...
The Brooklyn Cooperative Federal Credit Union (BCFCU) 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 BCFCU'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. As a Community Development Financial Institution, BCFCU aims to...
Southern Bancorp Capital Partners (SBCP), doing business as Southern Bancorp Community Partners, was awarded a $1.5 million Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The two-year grant will support SBCP's ability to provide financing and technical assistance to communities and businesses impacted by the economic...
Diamond Lakes Federal Credit Union 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) to support, prepare for, and respond to the economic impact of the coronavirus. The CDFI RRP aims to bolster the ability of Community Development Financial Institutions to address needs in low-income communities affected by the pandemic. Under this June 15, 2021 award with a completion date of...
The Southern Chautauqua Federal Credit Union (SCFCU) received a $1,826,265 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic. SCFCU will use the funding to provide $1.8...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded Community Plus Federal Credit Union a $1.8 million Project Grant under the Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant period extends through December 31, 2023. The CDFI RRP aims to support Community Development Financial Institutions in addressing the economic impacts of COVID-19. Through this funding, Community Plus Federal Credit Union will...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Commodore Perry Federal Credit Union (CPFCU) a $1.6 million Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The two-year award running from June 2021 through December 2023 will support CPFCU's ability to respond to the economic impacts of the coronavirus pandemic on its members and the communities it serves. As a Community...
The US Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded US Community Credit Union a $1.8 million Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support US Community Credit Union's ability to respond to the economic impacts of the coronavirus by providing $1.8 million in financing and related services to communities and populations affected by the...