The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $900,000 project grant to Latino Community Credit Union, a minority-owned nonprofit financial institution based in Durham, North Carolina. The grant, awarded on September 26, 2024, aims to support the credit union's efforts to deliver financial services, loans, investments, and technical assistance to underserved communities, particularly Hispanic Americans and other minority...
Latino Community Credit Union received a $690,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program to promote economic revitalization and community development. The funding must be used for financial products, services, development services, loan loss reserves, and capital reserves to build Latino Community Credit Union's capacity to lend to eligible markets and low-income...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Latino Community Credit Union $1,826,265 under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 15, 2021 through December 31, 2023. The CDFI RRP aims to support Community Development Financial Institutions' ability to address the economic impacts of the coronavirus pandemic in the communities they serve. Latino Community Credit Union will use this...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Community Credit Union to build organizational capacity and serve targeted populations under the Community Development Financial Institutions Program (CFDA #21.020). Funding will support technical assistance activities such as compensation for personal and professional services, travel, training, equipment and supplies to strengthen the credit union's ability to provide...
Latino Community Credit Union was awarded a $3.7 million project grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant-making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The grant will allow the credit union to increase financing options through 2028 for underserved minority borrowers and build technological and staff capacity to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Light Commerce Credit Union on November 21, 2024. The grant, made under the CFDA Program Number 21.020 - Community Development Financial Institutions Program, will support Light Commerce Credit Union in delivering financial services, loans, investments, and technical assistance to underserved communities, with a focus on low-income, Native American, and...
This $300,000 Project Grant was awarded on November 21, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to the Department of Labor Federal Credit Union. The grant will support the credit union's efforts to promote economic revitalization and community development in underserved communities. Specifically, the funding will enable the credit union to deliver financial services, loans, investments, and technical assistance to...
The Latino Economic Development Center was awarded $560,000 under the Community Development Financial Institutions Program Project Grant by the Department of the Treasury's Community Development Financial Institutions Fund. The grant will support the Center's work to promote economic revitalization and community development in underserved communities through December 2026. As part of the Community Development Financial Institutions Program, which uses the CFDA number 21.020, the funding will...
The Department of the Treasury's Community Development Financial Institutions Fund awarded St. Louis Community Credit Union $717,900 under the Community Development Financial Institutions Program (CFDA 21.020) to support economic revitalization and community development through February 2028. This Project Grant will enable the credit union to invest in and provide assistance to certified and emerging Community Development Financial Institutions, empowering them to expand lending, technical...
This $640,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the delivery of financial and technical assistance services to underserved communities through Calhoun-Liberty Employees Credit Union. Awarded under the Community Development Financial Institutions Program (CFDA 21.020), the funding will be used to build the capacity of the credit union as a certified Community Development Financial Institution. As a CDFI,...