The Department of the Treasury Community Development Financial Institutions Fund awarded Instep Credit Union a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Instep Credit Union in building its organizational capacity to serve eligible low-income communities and individuals who lack adequate access to affordable financial products and services. Funds may be used for technical assistance activities such as compensation...
The federal Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program was provided to Instep Credit Union, a state-chartered non-profit credit union in New Orleans, Louisiana. The funding, awarded on November 21, 2024, will support the credit union's mission of serving underserved communities by providing financial services, lending, and financial counseling. Specifically, the grant will enable Instep Credit Union to...
Instep Credit Union received a $500,000 project grant award 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 CDFI ERP aims to support Community Development Financial Institutions in responding to economic impacts and meeting the needs of underserved borrowers through the award...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Stepping Stones Community Federal Credit Union on November 21, 2024. The grant, provided under the CDFI Program (CFDA 21.020), will enable the non-profit credit union to deliver financial services, create jobs, develop businesses, and foster economic self-determination in underserved communities, with a particular focus on Native American populations. The...
This $162,217 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Instep Credit Union's participation in the Small Dollar Loan Program (CFDA #21.025). Through December 2024, grant funds will enable the credit union to establish a loan loss reserve and receive technical assistance to establish and maintain a small dollar loan program. The program aims to increase affordable small dollar lending to underbanked and unbanked populations,...
The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), has awarded a $725,000 Project Grant to Institute Capital, Inc. This award is part of the CDFI Program (CFDA 21.020), which focuses on promoting economic revitalization and community development through targeted investments in certified and emerging CDFIs. The funding will enable Institute Capital, Inc. to deliver...
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...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $740,000 under the Community Development Financial Institutions Program (CFDA 21.020) to Partner Community Capital, Inc. doing business as Ncif. The funding will support Ncif's work through December 2026 to provide monetary awards and training opportunities to certified and emerging Community Development Financial Institutions and Native Community Development Financial Institutions. This will build the...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded $660,000 to SPC Credit Union through the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) on February 28, 2023. This three-year Project Grant will support SPC Credit Union's efforts to promote economic revitalization and community development through 2026. The CDFI Program aims to build the capacity of certified Community Development Financial Institutions to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to the Urban Beginnings Choice Federal Credit Union, a non-profit organization, on November 21, 2024. This funding is part of the CDFI Program (CFDA 21.020), which aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. The grant will support the Urban Beginnings Choice Federal Credit Union in...