Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP057310G
- Recipient
-
Southern Chautauqua Federal Credit Union UEI MVFNV1MEGWD1
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $1,826,265
Award facts
- Assistance listing
- 21.024 Community Development Financial Institutions Rapid Response Program (CDFI RRP)
- Completion date
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
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 million in products and services through December 2023 to support, prepare for, and respond to the pandemic's economic effects in its service areas. As a CDFI, SCFCU is well-positioned to deliver needed lending and financial assistance to vulnerable communities and businesses impacted by the public health emergency and economic downturn.
Quick answers
Who received award 21RRP057310G?
21RRP057310G was awarded to Southern Chautauqua Federal Credit Union by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP057310G worth?
$1,826,265 has been obligated on 21RRP057310G.
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