Project Grant 241FA064918G

This Project Grant award of $625,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to First Imperial Credit Union, a Community Development Financial Institution (CDFI). The purpose of the grant is to promote economic revitalization and community development by providing financial assistance to CDFIs to build their capacity to lend to eligible low-income and underserved markets across the United States. The grant funding must be used by First Imperial Credit Union for financial products, financial services, development services, loan loss reserves, and capital reserves to serve rural and urban low-income communities that lack adequate access to affordable financial services. This award will enable First Imperial Credit Union to expand its community development capabilities and deliver critical financial support to populations with significant unmet capital or financial service needs.