The Community Development Financial Institutions Fund within the Department of the Treasury awarded $717,900 under the Community Development Financial Institutions Program (CFDA 21.020) to Border Federal Credit Union. This three-year Project Grant will support the CDFI Program's goal of promoting economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions. Specifically, Border Federal Credit Union will use the...
The Border Federal Credit Union was awarded $701,530 under the Community Development Financial Institutions Program Project Grant by the Department of the Treasury's Community Development Financial Institutions Fund. The funding will support financial products, services, development services, loan loss reserves, and capital reserves to build the credit union's capacity to lend to eligible markets and target populations as defined in 12 C.F.R. 1805 through December 2024. The goal is to promote...
The $1,110,000 federal Project Grant awarded to Grant Bancshares, Inc. on September 26, 2024, is provided under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020). This funding supports Grant Bancshares, Inc., a for-profit Community Development Corporation, in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations, primarily in rural...
The $1,110,000 Project Grant awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program supports the capacity-building efforts of First Financial Credit Union, a minority-owned and Hispanic American-owned Community Development Financial Institution (CDFI). The funding, awarded in September 2024, will enable First Financial Credit Union to continue its mission of driving community revitalization, economic self-determination, and supporting...
The federal Project Grant award of $1,110,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program to Carter Fed Credit Union on September 26, 2024. The CDFI Program aims to promote economic revitalization and community development through investments in certified and emerging CDFIs. This grant will enable Carter Fed Credit Union, a non-profit CDFI and community development corporation, to deliver financial services, loans,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Border Financial Resources, Inc. under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities to build the organizational capacity of certified and emerging Community Development Financial Institutions (CDFIs) to serve eligible low-income markets and communities across the nation that lack adequate access to...
The federal 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 Pinal County Federal Credit Union. The grant will support the organization's efforts to promote economic revitalization and community development through targeted investments and capacity-building initiatives targeting underserved Native American and low-income communities. Specifically, the funding will enable the CDFI to...
Border Financial Resources, Inc. was awarded $389,000 through the Community Development Financial Institutions Rapid Response Program (CDFI RRP) administered by the Department of the Treasury's Community Development Financial Institutions Fund. The June 15, 2021 Project Grant has a completion date of December 31, 2023 and will support Border Financial Resources' efforts to prepare for and respond to the economic impacts of the coronavirus pandemic in the United States. As the name implies, the...
The federal Project Grant award of $300,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020). The award is intended to invest in and build the capacity of the One Credit Union, a Native American-focused community development financial institution, to empower it to grow, achieve organizational sustainability, and drive community revitalization in underserved populations. The grant funding will enable the One Credit...
This $900,000 Project Grant award is provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Coastal Federal Credit Union. The funding will support the CDFI's efforts to promote economic revitalization and community development in underserved areas. Specifically, the grant will enable the CDFI to deliver financial services, loans, investments, and technical assistance to low-income, Native American, and economically...