Michigan First Credit Union

Michigan First Credit Union, located in Lathrup Village, Michigan, is a not-for-profit corporate entity registered in SAM.gov with a focus on community development financial services. Established as a credit union, the organization specializes in providing financial assistance and support to underserved communities, with a particular emphasis on low- and moderate-income areas. Through its federal grant awards, Michigan First Credit Union has demonstrated a commitment to expanding access to capital, financial services, and technical assistance for businesses and individuals facing economic challenges.

The credit union has consistently received federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, primarily through several key programs. These include the CDFI Program, the Economic Recovery Program (ERP), and the Rapid Response Program (RRP), which collectively have provided over $3.2 million in funding since 2020. The grants have enabled Michigan First Credit Union to deliver targeted financial support, particularly in response to the economic impacts of the COVID-19 pandemic. The organization's grant-funded activities focus on providing loans, investments, and technical assistance to minority-owned businesses and individuals in economically disadvantaged communities. Through these programs, Michigan First Credit Union aims to drive community revitalization, create jobs, build businesses, and foster economic self-determination, with grant periods typically spanning three to five years and focusing on expanding lending capabilities and organizational capacity in underserved markets.