How can your credit union improve its position to apply for a CDFI grant?

Just last week on June 5, great news reached the United States’ credit union community. The United States Treasury announced they had awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFI).

The grants were provided through the Treasury’s Community Development Financial Institution Rapid Response Program (CDFI RRP) and provided appropriate capital for CDFIs to address the economic challenges that have been exacerbated by the COVID pandemic, particularly in underserved communities.

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