Cdfi rapid response program award

Carter Federal Credit Union was awarded a $1,484,000 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 funding will support Carter Federal Credit Union's ability to provide financial products and services to communities impacted by the economic effects of the coronavirus pandemic through December 31, 2023. As a Community Development Financial Institution, Carter Federal Credit Union will utilize the grant funding to prepare for and respond to increased demand for financial assistance from businesses and individuals in need as a result of the public health crisis and economic downturn. The CDFI RRP aims to bolster the capacity of CDFIs like Carter Federal Credit Union to address the needs of underserved communities during the pandemic recovery period.