The Department of the Treasury's Community Development Financial Institutions Fund awarded $660,000 under the Community Development Financial Institutions Program (CFDA 21.020) to Merco Credit Union through December 31, 2026. This Project Grant aims to promote economic revitalization and community development in Native communities through capacity building and financial support for certified Community Development Financial Institutions (CDFIs). Specifically, the funding will provide monetary...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded Merco Credit Union a $625,000 Project Grant under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified Community Development Financial Institutions for financial products, services, development services, loan loss reserves, and capital reserves targeting eligible markets and...
The $3.72 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) awarded to Merco Credit Union on April 10, 2023 will support expanding lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by COVID-19 through December 31, 2028. As a certified Community Development Financial Institution, Merco Credit Union will use the funding...
Merco Credit Union was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant funding will support Merco Credit Union in providing financial products and services to prepare for and respond to the economic impacts of the coronavirus pandemic through December 31, 2023. As a Community Development Financial Institution, Merco Credit Union will utilize the grant...
The federal Project Grant award of $835,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to the Local 1199 Credit Union, a certified CDFI, on September 26, 2024. The funding will support the credit union's efforts to deliver financial services, loans, investments, and technical assistance to underserved low-income and Native American communities across the United States. The grant aims to help the CDFI build...
This $800,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, CFDA 21.020, supports the Rivermark Community Credit Union in delivering financial services, loans, investments, and technical assistance to underserved communities. The award, which runs from September 2024 through December 2027, aims to build the capacity of this CDFI, enabling it to expand access to affordable financial products and foster economic...
The federal Project Grant award of $900,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) will enable Seattle Metropolitan Credit Union (SMCU), a certified CDFI, to provide financial services, technical assistance, and specialized lending programs to underserved and unbanked populations in its local community. This funding will support SMCU's initiatives to promote financial inclusion and economic empowerment, helping...
The federal Project Grant award of $900,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Financial Partners Credit Union, a certified CDFI located in Downey, California. This grant, awarded in September 2024, will enable the organization to continue delivering financial products, services, and development assistance to underserved rural and urban low-income communities that lack access to affordable financial...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to the California Credit Union to deliver financial services, loans, investments, and technical assistance to underserved communities. The CDFI Program focuses on promoting economic revitalization and community development through targeted investments in certified and emerging CDFIs. This funding, provided under the CFDA 21.020 Community Development Financial...
This $900,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, with a CFDA number of 21.020, is intended to build the capacity of Coastal Federal Credit Union, a certified CDFI, to drive economic revitalization and create jobs in underserved Native American and low-income communities. The funding will support the credit union in delivering financial services, loans, investments, and technical assistance tailored to meet...