The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $2,478,839 Project Grant to Pine Bluff Cotton Belt Federal Credit Union under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support Pine Bluff Cotton Belt FCU's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable the credit union to build organizational capacity and acquire technology, staff, and other resources to accomplish grant objectives. The CDFI ERP aims to provide grants to Community Development Financial Institutions for expanding access to capital in underserved communities hard hit by the pandemic. The award period runs from April 10, 2023 through December 31, 2028.
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