The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CFDA 21.020), awarded a $1,035,000 Project Grant to Pine Bluff Cotton Belt Federal Credit Union (PBCFCU) on September 26, 2024. The funding will enable PBCFCU, a certified CDFI, to invest in and build its capacity to deliver financial products, services, and development resources to underserved and low-to-moderate income communities in Arkansas. The award will empower PBCFCU to grow, achieve organizational sustainability, and drive economic revitalization and community development through its lending, grantmaking, and investment activities, with a particular focus on supporting Native American communities. This grant builds on PBCFCU's prior CDFI Program awards in 2023 and 2021, which totaled over $5M and supported similar economic development initiatives.
Generated 3/18/25, 5:01 AM