Israel Methcomm Federal Credit Union
Chicago, IL Doing business as Israel Methcomm Israel Methcomm FCU
- UEI
- LZQ8JT8MJLU5
- CAGE
- 7FY07
- Primary NAICS
- 522130 Credit Unions
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- NAICS codes registered in SAM.gov
-
- 522130 Credit Unions Primary
- SAM.gov registration date
- Physical address
- 7620 S Cottage Grove Ave, Chicago, IL 60619, USA
- Website
- imfcu.com
- 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 technical assistance awards to build the… | Community Development Financial Institutions Fund | $300,000 | |
| Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… | Community Development Financial Institutions Fund | $500,000 | |
| Purpose: to promote economic revitalization and community development through investment in and assistance to… | Community Development Financial Institutions Fund | $125,000 | |
| Cdfi rapid response program award | Community Development Financial Institutions Fund | $230,645 | |
| Technical assistance award | Community Development Financial Institutions Fund | $113,328 |
About Israel Methcomm Federal Credit Union
Israel Methcomm Federal Credit Union (IMFCU) is a minority-owned, non-profit community development financial institution headquartered in Chicago, Illinois. Registered in SAM.gov since 2015, the credit union is a corporate entity with a tax-exempt status that focuses on serving low- and moderate-income communities. As a certified Community Development Financial Institution (CDFI), IMFCU primarily operates by providing financial services, lending, and community development support to underserved populations, with a particular emphasis on areas 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 (CDFI Fund), IMFCU has received multiple Project Grants totaling approximately $1,155,645 between 2021 and 2024. These grants include the Community Development Financial Institutions Program, Equitable Recovery Program (CDFI ERP), Rapid Response Program (CDFI RRP), and standard CDFI Program grants. The funding supports IMFCU's core mission of expanding lending, grant-making, and investment activities in low- and moderate-income communities. Specifically, the grants enable the credit union to increase access to capital, deliver affordable financial products and services, promote economic revitalization, provide pandemic relief, and build organizational capacity. The grants fund technical assistance activities such as professional services, staff training, education, technology acquisition, and other capacity-building expenses aimed at strengthening IMFCU's ability to serve communities with significant unmet financial service needs.
Quick answers
What is Israel Methcomm Federal Credit Union's UEI?
Israel Methcomm Federal Credit Union's Unique Entity ID (UEI) in SAM.gov is LZQ8JT8MJLU5.
What is Israel Methcomm Federal Credit Union's CAGE code?
Israel Methcomm Federal Credit Union's CAGE code is 7FY07.
What is Israel Methcomm Federal Credit Union's primary NAICS code?
Israel Methcomm Federal Credit Union's primary NAICS code is 522130 (Credit Unions).
Where is Israel Methcomm Federal Credit Union located?
Israel Methcomm Federal Credit Union's physical address in SAM.gov is 7620 S Cottage Grove Ave, Chicago, IL 60619, USA.
Is Israel Methcomm Federal Credit Union registered in SAM.gov?
Yes. Israel Methcomm Federal Credit Union's SAM.gov registration is active through September 5, 2027.
What is Israel Methcomm Federal Credit Union's most recent federal award?
Israel Methcomm Federal Credit Union's most recent federal grant award is Purpose: to promote economic revitalization and community development through technical assistance awards to build the… (231TA064694G), from Community Development Financial Institutions Fund, on November 21, 2024.
On GovTribe
See Israel Methcomm Federal Credit Union's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors