Cdfi rapid response program award

The Financial Access Federal 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 a Community Development Financial Institutions Rapid Response Program (CDFI RRP) grant, Financial Access Federal Credit Union will use the $1.8 million in funding to provide products and services that prepare for and respond to the pandemic's economic effects in their communities. The CDFI RRP aims to support Community Development Financial Institutions like the credit union as they address the credit and capital needs of local residents and businesses affected by the public health emergency.