Project Grant 22SDL060665G

Award Date 9/27/22
Completion Date 12/31/25
Dollars Obligated $126K
Federal Grant Program
21.025
Assistance Type
Project Grant
Place of Performance
United States
Similar Awards
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $281,094 Project Grant to Valley First Credit Union under the Small Dollar Loan Program (CFDA 21.025). This grant funding enables Valley First Credit Union, a certified CDFI, to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans. The grant supports loan loss reserves and technical assistance, allowing the credit union to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $625,000 Project Grant to Valley First Credit Union, a certified CDFI, on September 26, 2024. The grant, provided under CFDA Program 21.020, will enable Valley First Credit Union to invest in building its organizational capacity, expand lending capabilities, and enhance financial services to underserved and economically disadvantaged communities, with a particular focus on low-income and...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Valley First Credit Union $510,000 under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) on February 28, 2023. This three-year Project Grant will support Valley First Credit Union's efforts to promote economic revitalization and community development through 2026. The CDFI Program aims to build the capacity of certified Community Development Financial...
The $300,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, CFDA 21.020, supports Valley Credit Union, a nonprofit community development financial institution, in delivering financial services, loans, investments, and technical assistance to underserved communities, particularly Native American and economically disadvantaged populations. The funding aims to build Valley Credit Union's organizational capacity, create...
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 $208,379 under the Small Dollar Loan Program (CFDA 21.025) Project Grant to Mountain Valley Bank on September 27, 2022. Through this award, Mountain Valley Bank will establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program through December 2025. The program aims to increase access to affordable capital and credit-building opportunities for...
The Department of the Treasury Community Development Financial Institutions Fund awarded Freedom First Federal Credit Union $155,500 under the Small Dollar Loan Program (CFDA 21.025) on September 23, 2021. The Project Grant funding will enable the credit union to establish a loan loss reserve and provide technical assistance to support a small dollar loan program through March 2025. Specifically, the loan loss reserve grants will help defray costs of starting and maintaining a program offering...
The Department of the Treasury Community Development Financial Institutions Fund awarded a $213,497 Project Grant to Innovations Financial Credit Union through 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 develop and maintain a small dollar loan program. This program aims to increase access to affordable capital and credit-building opportunities for underbanked populations by providing...
The Department of the Treasury's Community Development Financial Institutions Fund awarded First Community Capital Inc. a $108,795 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the certified Community Development Financial Institution to establish a loan loss reserve and provide technical assistance to support a small dollar loan program. This program aims to increase access to affordable capital and credit-building opportunities for underbanked...
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...

The Valley First Credit Union was awarded a $126,352 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund 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. This program aims to increase access to affordable capital and credit-building opportunities for underserved populations through CDFI-administered small dollar loans as an alternative to predatory high-cost options. The expected outcomes are greater financial inclusion and access to the mainstream banking system for unbanked and underbanked individuals. The award period is from September 27, 2022 through December 31, 2025.

Generated 1/7/24, 10:40 AM