Project Grant 241TA065787G

This 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) to the Frederiksted Federal Credit Union in the U.S. Virgin Islands. The purpose of the grant is to promote economic revitalization and community development by building the capacity of certified and emerging CDFIs to serve low-income and underserved populations across the nation that lack adequate access to affordable financial products and services. The funding will support eligible technical assistance activities such as personnel compensation, professional services, travel, training, equipment, and supplies over the project period from November 2024 to December 2027. The goal is to enhance the Frederiksted Federal Credit Union's organizational capacity to deliver financial services and products to its target market.