The Department of the Treasury's Community Development Financial Institutions Fund awarded a $640,000 Project Grant to Michigan First Credit Union through the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Michigan First Credit Union in providing loans, investments, financial services and technical assistance to businesses and individuals in underserved communities through December 2026. The Community Development Financial Institutions Program aims to promote economic revitalization and community development by investing in certified Community Development Financial Institutions, enabling them to grow sustainably and drive local revitalization efforts. This award will allow Michigan First Credit Union to further its mission of job creation, small business development and economic empowerment in its service areas over the next three years.
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