Democracy Federal Credit Union
Alexandria, VA Doing business as Democracy FCU
- UEI
- P5A1BUMDEMD3
- CAGE
- 7MY04
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- SAM.gov registration date
- Physical address
- 400 N Columbus St #300, Alexandria, VA 22314, USA
- Website
- democracyfcu.org
- Founded
- 1936
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Purpose: to promote economic revitalization and community development through investment in and financial assistance… | Community Development Financial Institutions Fund | $900,000 | |
| Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… | Community Development Financial Institutions Fund | $3,718,258 | |
| Cdfi rapid response program award | Community Development Financial Institutions Fund | $1,826,265 |
About Democracy Federal Credit Union
Democracy Federal Credit Union (Democracy FCU) is a non-profit, tax-exempt corporate entity registered in the System for Award Management (SAM.gov) that specializes in community development financial services. As a certified Community Development Financial Institution (CDFI), the credit union focuses on providing financial support and economic empowerment to underserved communities, with a particular emphasis on Native communities, low-income areas, and regions disproportionately impacted by economic challenges such as the COVID-19 pandemic.
Through federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Democracy FCU has received substantial project grants totaling over $6.4 million across three distinct programs: the CDFI Program, the Equitable Recovery Program (ERP), and the Rapid Response Program (RRP). These grants have enabled the credit union to expand lending, grant-making, and investment activities in low- and moderate-income communities, build organizational capacity, acquire technology and staffing resources, and deliver financial services addressing economic crisis impacts. The most recent grant, a $900,000 award received on September 26, 2024, will support the credit union's efforts to drive community revitalization, create jobs, build businesses, and foster economic self-determination, with a specific focus on Native communities nationwide. The grant awards, running through December 2028, demonstrate Democracy FCU's commitment to providing targeted financial support and economic development resources to marginalized communities.
Quick answers
What is Democracy Federal Credit Union's UEI?
Democracy Federal Credit Union's Unique Entity ID (UEI) in SAM.gov is P5A1BUMDEMD3.
What is Democracy Federal Credit Union's CAGE code?
Democracy Federal Credit Union's CAGE code is 7MY04.
Where is Democracy Federal Credit Union located?
Democracy Federal Credit Union's physical address in SAM.gov is 400 N Columbus St #300, Alexandria, VA 22314, USA.
Is Democracy Federal Credit Union registered in SAM.gov?
Yes. Democracy Federal Credit Union's SAM.gov registration is active through April 14, 2027.
What is Democracy Federal Credit Union's most recent federal award?
Democracy Federal Credit Union's most recent federal grant award is Purpose: to promote economic revitalization and community development through investment in and financial assistance… (231FA064472G), from Community Development Financial Institutions Fund, on September 26, 2024.
On GovTribe
See Democracy Federal Credit Union's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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