This $850,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, with a performance period from September 2024 to December 2027, supports the Syracuse Cooperative Federal Credit Union, doing business as Cooperative Federal, in delivering financial services, loans, investments, and technical assistance to underserved communities in the United States. As a certified CDFI, Cooperative Federal is focused on promoting economic inclusion, supporting low-income populations, and driving community development through innovative financial solutions. The grant funding will enable the organization to expand small dollar lending, establish loan loss reserves, provide technical assistance, build organizational capacity, and respond to economic challenges like the COVID-19 pandemic, ultimately helping to create jobs, build businesses, and foster economic self-determination in underserved urban communities, with a particular focus on minority populations.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $850.0k | 9/26/24 |