I Am Federal Credit Union

Local 1199 Credit Union is a tax-exempt, not-for-profit corporate entity registered in SAM.gov, specifically operating as the 1199 Seiu Federal Credit Union Division. As a certified Community Development Financial Institution (CDFI), the credit union focuses on providing financial services to low-income and underserved communities, with a particular emphasis on delivering affordable financial products and supporting economic revitalization. The organization is committed to serving populations that traditionally lack adequate access to mainstream banking services, leveraging its nonprofit structure to create meaningful financial opportunities for its members.

Through federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Local 1199 Credit Union has secured four significant project grants totaling approximately $5,061,481 between 2022 and 2024. These grants, including the CDFI Program, Small Dollar Loan Program, and Equitable Recovery Program, enable the credit union to build organizational capacity, establish small business lending programs, create loan loss reserves, and provide technical assistance to unbanked and underbanked populations. The grants specifically support initiatives such as expanding lending in low- and moderate-income communities, delivering financial services to areas disproportionately impacted by the COVID-19 pandemic, and helping marginalized populations access affordable capital. The performance periods for these grants range from December 2024 to December 2028, demonstrating a sustained commitment to community development and financial inclusion through targeted grant-funded programs.