The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $2,478,839 Project Grant to the Canton School Employees Federal Credit Union through the CDFI Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support the credit union's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also enable the credit union to build organizational capacity and acquire technology, staff, and other resources necessary to accomplish activities under the award through December 2028. The CDFI ERP aims to provide grants to Community Development Financial Institutions for expanding access to capital in underserved communities facing economic hardship due to the pandemic.
Generated 2/6/24, 2:22 AM