The $650,000 federal Project Grant awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund will enable the New York University Federal Credit Union, a certified CDFI, to build its financial capacity and serve low-income populations and underserved communities across the United States. The funding will be used to provide financial products, financial services, development services, loan loss reserves, and capital reserves...
The Brooklyn Cooperative Federal Credit Union (BCFCU) 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 will support BCFCU's ability to provide financial products and services through December 31, 2023 to address the economic impacts of the COVID-19 pandemic in its service areas. As a Community Development Financial Institution, BCFCU aims to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Brookland Federal Credit Union on November 21, 2024. The purpose of this grant is to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs to serve low-income and underserved markets across the nation. The planned activities under this grant include compensation for...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $850,000 Project Grant to Syracuse Cooperative Federal Credit Union, doing business as Cooperative Federal, on Sep 26, 2024. The funding is intended to promote economic revitalization and community development by building the financial capacity of Cooperative Federal, a certified CDFI, to provide affordable financial products and services to low-income and underserved populations in its...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $350,000 Project Grant to DC Federal Credit Union on September 26, 2024. The purpose of this grant is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The funding will enable DC Federal Credit Union, a minority-owned and tax-exempt nonprofit organization, to build its...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program has awarded a $835,000 Project Grant to Local 1199 Credit Union, a certified CDFI, to promote economic revitalization and community development. The grant funding will enable Local 1199 Credit Union to build its financial capacity and provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and underserved communities across the...
This $900,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) is intended to promote economic revitalization and community development through financial and technical assistance to the Coastal Federal Credit Union, a certified CDFI. The funding will be used to support the credit union's provision of financial products, financial services, development services, loan loss reserves, and capital reserves, in...
The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury (CFDA 21.020), awarded a $625,000 Project Grant to Community First Federal Credit Union on September 26, 2024. The grant funding will be used to promote economic revitalization and community development by providing financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and underserved populations through the CDFI's...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to Oswego County Federal Credit Union on September 26, 2024. The grant funds are to be used by the non-profit community development organization to build its financial capacity and provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and underserved communities across the United States that...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Urban Beginnings Choice Federal Credit Union on November 21, 2024. The purpose of this grant is to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs to serve low-income people and communities that lack adequate access to affordable financial products and services. The...