The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $1.8 million Project Grant to Lakota Federal Credit Union under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Lakota 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. Funds will also enable the credit union to build organizational capacity and acquire technology, staff, and other resources necessary to accomplish activities under the CDFI ERP award through December 2028. The CDFI ERP aims to provide grants to Community Development Financial Institutions to respond to economic impacts of the pandemic in underserved communities.
Generated 2/6/24, 1:31 AM