The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Neighbors United Federal Credit Union on November 21, 2024. The grant is intended to promote economic revitalization and community development by building the capacity of certified and emerging CDFIs to serve low-income populations and communities that lack adequate access to affordable financial products and services. The grant will fund eligible activities such as compensation for personal services and fringe benefits, professional service costs, travel, training, equipment, supplies, and incorporation costs. The goal is to enhance Neighbors United Federal Credit Union's organizational capacity to deliver financial services, loans, investments, and technical assistance to underserved markets. This aligns with the CDFI Program's objective of empowering CDFIs to grow, achieve sustainability, and drive community revitalization across the United States.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |