The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $625,000 Project Grant to Dade County Federal Credit Union, a certified CDFI in Doral, Florida. The grant, awarded on September 26, 2024, with a completion date of December 31, 2027, will enable the credit union to invest in and build its capacity to deliver financial services, loans, investments, and technical assistance to underserved and economically disadvantaged populations in its...
Dade County Federal Credit Union was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) to support, prepare for, and respond to the economic impact of the coronavirus. The CDFI RRP aims to bolster the ability of Community Development Financial Institutions like Dade County FCU to provide financial and technical assistance in underserved communities affected by COVID-19 through June...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Dade County Federal Credit Union a $500,000 Project Grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The grant funding will support the credit union's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and its approved target market through December 2024. The CDFI Program...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $2,478,839 Project Grant to DC Federal Credit Union 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 in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will...
The Miami Postal Service Credit Union was awarded a $3.7 million Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program. The grant will support the Credit Union's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable the Credit Union to...
The Dade County Federal Credit Union was awarded a $271,988 Small Dollar Loan Program Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund. Through this award, the credit union will establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. The program aims to increase access to affordable capital for underbanked populations and help them build credit by providing an alternative to high-cost...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded City Federal Credit Union a $3.718 million project grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support City Federal 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 through December...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $1,735,187 Project Grant to United Credit Union under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The April 10, 2023 grant will support United Credit Union's efforts to expand lending, grant making, and investment activities through December 31, 2028 in low- and moderate-income communities disproportionately impacted by the COVID-19...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded First Commerce Credit Union $500,000 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) to provide lending, grant making, and investment activities in low- to moderate-income communities disproportionately impacted by the COVID-19 pandemic. The award period is from April 10, 2023 through December 31, 2028. The CDFI ERP aims to...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded USF Federal Credit Union (USF FCU) a $2,478,839 Project Grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The April 10, 2023 award will support USF FCU's efforts to expand lending, grant making, and investment activity through December 31, 2028 in low- and moderate-income communities disproportionately impacted by the COVID-19...