The Department of the Treasury's Community Development Financial Institutions Fund awarded United Credit Union $271,988 under the Small Dollar Loan Program (CFDA 21.025) on September 27, 2022 to provide alternative lending options through December 31, 2025. Through this Project Grant, the credit union will establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. This program aims to increase access to affordable capital for underbanked populations and help them build credit by establishing alternative lending options to high-cost small loans. No subrecipients are involved in delivering these lending services.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $272.0k | 9/27/22 |