This $105,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Opportunities Credit Union's Small Dollar Loan Program through December 2024. The Small Dollar Loan Program (CFDA 21.025) aims to increase access to affordable capital and credit-building opportunities for underserved populations through establishing and maintaining small dollar loan programs. Funding will enable the credit union to set up a loan loss reserve and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $150,403 Project Grant under the Small Dollar Loan Program (CFDA 21.025) to Inroads Credit Union on September 27, 2022. The grant will support the establishment and maintenance of a small dollar loan program through December 2025. Specifically, funds will be used to establish a loan loss reserve and provide technical assistance such as technology, staff support, and other eligible activities. The program...
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...
This $162,217 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Instep Credit Union's participation in the Small Dollar Loan Program (CFDA #21.025). Through December 2024, grant funds will enable the credit union to establish a loan loss reserve and receive technical assistance to establish and maintain a small dollar loan program. The program aims to increase affordable small dollar lending to underbanked and unbanked populations,...
The federal Project Grant award of $201,192 was provided by the Community Development Financial Institutions (CDFI) Fund, part of the U.S. Department of the Treasury, under the Small Dollar Loan Program (CFDA 21.025). The grant is intended to enable Members First Credit Union, a certified CDFI, to establish and maintain a small business loan program. The primary objectives are to provide affordable alternatives to high-cost small dollar loans and help unbanked and underbanked populations build...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $120,000 Project Grant to Community Ventures Corporation, Inc. through the Small Dollar Loan Program (CFDA 21.025). The grant will enable the certified Community Development Financial Institution recipient to 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 small dollar loans for...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $271,988 under the Small Dollar Loan Program (CFDA 21.025) to Finest Federal Credit Union on September 27, 2022. Through December 31, 2025, the funding will enable the credit union to establish a loan loss reserve and provide technical assistance to support a small dollar loan program. The program aims to increase access to affordable capital and credit-building opportunities for underbanked populations...
This $281,400 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Lendingworks' Small Dollar Loan Program activities through September 2023. The funding will enable the certified Community Development Financial Institution to establish a loan loss reserve and provide technical assistance to increase small dollar lending to underbanked populations. Through this Small Dollar Loan Program (CFDA #21.025), the awardee aims to...
The Department of the Treasury Community Development Financial Institutions Fund awarded $156,759 under the Small Dollar Loan Program (CFDA 21.025) to Ironworkers USA Federal Credit Union. The funding will support the establishment and maintenance of a small dollar loan program through December 2025. Specifically, grant funds will enable the credit union to set up a loan loss reserve to defray costs of the lending program and provide technical assistance for associated technology, staffing,...
The Department of the Treasury Community Development Financial Institutions Fund awarded Neighbors United Federal Credit Union a $140,381 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the credit union to establish a loan loss reserve and provide technical assistance to support a small dollar loan program through December 2025. Specifically, the loan loss reserve funds will help defray costs to launch and maintain affordable lending to underbanked...