The Department of the Treasury's Community Development Financial Institutions Fund awarded Bay Credit Union $640,000 under the Community Development Financial Institutions Program (CFDA 21.020) from February 2023 through December 2026. This Project Grant aims to promote economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions. Specifically, Bay Credit Union will use the funding to provide loans, investments, financial services and training to support job creation, small business development and economic self-sufficiency in underserved communities, in line with the Program's goals of building financial institution capacity and driving local revitalization.
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