The Oswego County Federal Credit Union received a $2,478,839 Project Grant award from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The April 10, 2023 award will support expanding lending, grant making, and investment activities through December 31, 2028 to address economic impacts in low- and moderate-income communities disproportionately affected by the COVID-19 pandemic. As a certified Community Development Financial Institution, Oswego County FCU will use the funding to increase access to capital and financial services for underserved borrowers through programs such as small dollar lending and technical assistance. The credit union has leveraged prior federal grants totaling $2.5M from the CDFI Fund to build capacity serving target populations.
Generated 2/6/24, 3:55 AM