The Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $900,000 project grant to The New Orleans Firemens Federal Credit Union (NOFFCU), a certified CDFI serving Metairie, Louisiana and Southeastern Louisiana. The grant, with a performance period from September 26, 2024 to December 31, 2027, will enable NOFFCU to expand its lending, grant making, and investment activities to support pandemic response and recovery, provide small-dollar loans to build credit for underbanked populations, and further build its capacity to deliver affordable financial products and services to low-income target markets. As a CDFI, NOFFCU leverages this funding to drive economic revitalization and community development in disadvantaged communities through December 2028.
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