Essential Credit Union
Baton Rouge, LA
- UEI
- GSAAKR47G953
- CAGE
- 7KVZ0
- 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
- 2370 Towne Center Blvd, Baton Rouge, LA 70806, USA
- Website
- essentialfcu.org
- Founded
- 1972
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Financials
- Diversified Financials
- Diversified Financial Services
- Financial Services
- SIC code
- 61 Nondepository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
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About the company
Essential Credit Union is a Community Development Financial Institution (CDFI) registered to receive federal awards since March 16, 2016. As a non-profit organization structured as a corporate entity with tax-exempt status, Essential Credit Union focuses on providing financial services and support to underserved communities. Through federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Essential Credit Union offers small dollar loan programs, financial products, and services aimed at helping unbanked and underbanked populations build credit, access affordable capital, and integrate into the mainstream financial system.
Essential Credit Union has received multiple federal grant awards to support its mission. In April 2024, it was awarded a $203,874 Project Grant under the Small Dollar Loan Program (CFDA 21.025) to establish and maintain a small business loan program, providing loan loss reserves and technical assistance for affordable small dollar lending initiatives. Previously, in September 2022, Essential Credit Union received another grant under the same program to increase small dollar lending and support technology and staff for its loan programs. In June 2021, the credit union was awarded a significant $1,826,265 Project Grant through the CDFI Rapid Response Program (CDFI RRP, CFDA 21.024) to address the economic impacts of the COVID-19 pandemic. This grant enabled Essential Credit Union to provide financial products and services tailored to the needs of its communities in response to the pandemic's economic effects. These awards demonstrate Essential Credit Union's ongoing commitment to economic development and financial inclusion in underserved areas.
Quick answers
Is Essential Credit Union registered in SAM.gov?
Yes. Essential Credit Union's SAM.gov registration is active through December 10, 2026.
What is Essential Credit Union's most recent federal award?
Essential Credit Union's most recent federal grant award is To support certified community development financial institutions (cdfis) to provide an alternative to high cost… (24SDL064211G), from Community Development Financial Institutions Fund, on April 16, 2024.
On GovTribe
See Essential Credit Union's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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