The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CFDA 21.020), awarded a $350,000 Project Grant to Community Credit Union on September 26, 2024. This grant supports the credit union's efforts to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Specifically, the grant funds training opportunities and monetary awards that enable Community Credit Union, a certified CDFI serving the residents of Androscoggin County, Maine, to create jobs, build businesses, and foster economic self-determination in Native American communities nationwide. The award will be used for technical assistance activities such as compensation, travel, training, equipment, and supplies to strengthen the credit union's ability to provide affordable financial products and services to low-income and rural communities lacking access to mainstream financial services.
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