The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Diamond Lakes Federal Credit Union under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities to build the credit union's organizational capacity to serve its target markets, including low-income communities and individuals who lack access to affordable financial products and services. Funds may be used for personal services, fringe benefits, professional services, travel, training, equipment, supplies, and incorporation costs. The goal is to promote economic revitalization and community development through investment in and assistance to certified and emerging Community Development Financial Institutions like Diamond Lakes Federal Credit Union. The period of performance is September 26, 2022 through December 31, 2024.
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