Project Grant 241NA065564G

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $225,000 Project Grant under the Native Initiatives program to the Choctaw Federal Credit Union, a minority-owned and Native American-owned not-for-profit financial institution located in Philadelphia, Mississippi. The grant aims to promote economic revitalization and community development by building the capacity of the Choctaw Federal Credit Union, a certified Native CDFI, to serve low-income and underserved Native American communities across the nation that lack adequate access to affordable financial products and services. The funding will support the delivery of technical assistance for activities such as compensation for personal services, professional services, travel, training, equipment, and supplies. The goal is to enhance the credit union's ability to provide small business loans, financial education, lending capital, and other capacity-building initiatives to foster economic self-determination and development in Native communities.