The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Ascension Credit Union on November 21, 2024. The grant will be used to promote economic revitalization and community development through technical assistance to build the capacity of certified and emerging Community Development Financial Institutions (CDFIs). The funding will support eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies. The goal of the technical assistance is to enable certified and emerging CDFIs to better serve low-income populations and communities that lack adequate access to affordable financial products and services across the nation. Ascension Credit Union, a Native CDFI, will use the grant to invest in and build the capacity of other Native CDFIs, demonstrating the organization's ongoing commitment to fostering economic self-determination and community growth in underserved areas.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |