To promote economic revitalization and community development through technical assistance awards to build the capacity of community development financial institutions (CDFIS) and emerging CDFIS.

The Community Development Financial Institutions Fund (CDFI Fund), administered by the Department of the Treasury, awarded Credit Union of the Rockies a Technical Assistance Project Grant of $150,000 on September 30, 2025, to support organizational capacity-building activities through December 31, 2028. Under the Community Development Financial Institutions Program (CFDA 21.020), the awarded funds support eligible activities including personnel compensation and fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs. These technical assistance resources are designed to strengthen the credit union's institutional capabilities to serve low-income individuals and underserved communities that lack adequate access to affordable financial products and financial services.

The three-year performance period reflects the typical funding structure for emerging Community Development Financial Institutions under this program. Credit Union of the Rockies is expected to use the technical assistance funding to build organizational capacity and implement performance goals aligned with the CDFI Program's objectives of promoting economic revitalization and community development. The credit union must maintain detailed records documenting all costs incurred and achievement of specified performance measures in accordance with applicable Office of Management and Budget guidance and the terms of the assistance agreement.

Activities

Technical assistance must be used for the following eligible activities subject to the applicable provisions of the uniform requirements: compensation - personal services, compensation - fringe benefits, professional service costs, travel costs, training and education costs, equipment, supplies, and incorporation costs (sponsoring entities only). End goals: the goal of the technical assistance is to build certified and emerging cdfi's organizational capacity to serve eligible markets and/or their target markets, in order to serve low-income people, and communities across the nation that lack adequate access to affordable financial products and financial services. Beneficiaries: profit organization, private nonprofit institution/organization, other private institution/organization. Investment areas and targeted populations, as defined in 12 C.F.R. 1805. Subrecipients: there are no subrecipients for this program. Broadband: not applicable. Reason for modification: not applicable.