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 build organizational capacity and acquire technology and staff resources necessary to provide financial services that meet the needs of underserved borrowers through 2028. The Community Development Financial Institutions Fund Equitable Recovery Program aims to provide grants to Community Development Financial Institutions for expanding access to capital in hard-hit communities.
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