The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Leaders Credit Union $2,478,839 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) to provide financing and capacity building services through December 31, 2028. The CDFI ERP grant aims to support Community Development Financial Institutions (CDFIs) in expanding lending, grant making, and investments in low-to-moderate income communities disproportionately impacted by the COVID-19 pandemic. Leaders Credit Union will use this funding to increase financing and build organizational capabilities to serve minority and undercapitalized borrowers through 2028, as the non-profit credit union responds to economic impacts in its service areas from the pandemic.
Generated 2/6/24, 1:15 AM