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

Federal Grant Award Summary

Universal City Studios Credit Union received a $150,000 Project Grant from the Community Development Financial Institutions Fund (CDFI Fund), administered by the Department of the Treasury, under the Community Development Financial Institutions Program (CFDA 21.020). The award, obligated on September 30, 2025, with a completion date of December 31, 2028, provides technical assistance funding to build the organization's capacity to serve low-income populations and underserved communities lacking adequate access to affordable financial products and services. Eligible use of funds includes personnel compensation and fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs.

As a technical assistance award, the grant supports Universal City Studios Credit Union's organizational development to strengthen its ability to serve eligible markets and target populations effectively. The three-year performance period allows the recipient to invest in capacity-building initiatives that enhance institutional capabilities and expand service delivery to communities across the nation. No subrecipients are involved in this award, and the funding must be used in accordance with applicable Office of Management and Budget guidance and the terms of the assistance agreement, with recipients required to maintain records substantiating costs incurred and achievement of specified performance goals and measures.

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.