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

Mutual Credit Union received a $150,000 technical assistance award from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Program (CFDA 21.020), obligated on September 30, 2025, with a completion date of December 31, 2028. This three-year technical assistance grant funds capacity-building activities designed to strengthen the organization's ability to serve eligible markets and low-income communities that lack adequate access to affordable financial products and services.

The technical assistance funding supports eligible organizational development activities, including personnel compensation and fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs. As a credit union recipient, Mutual Credit Union will deploy these resources to enhance its operational and financial capabilities as a Community Development Financial Institution, positioning the organization to better serve underserved populations and advance economic revitalization across its service areas. Award recipients must maintain detailed records substantiating all costs incurred and demonstrating achievement of specified performance goals and measures in accordance with the assistance agreement terms and applicable federal guidance.

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.