23 CU Strategic Planning credit union clients win CDFI Grants worth $15.5M
TACOMA, WA (December 3, 2019) — CU Strategic Planning, the No. 1 writer of US Treasury Community Development Financial Institutions Fund Financial Assistance Awards, celebrates our credit union clients who won 23 Community Development Financial Institutions Fund Financial Assistance Grants totaling $15,482,000.
The funds will go a long way toward helping build the communities the credit unions are serving. Programs included a prisoner re-entry program, eviction prevention, building a youth empowerment center, rural microbusiness lending, mortgage lending for Hispanic families, micro-mortgages for those displaced by lava in Hawaii and several applications for community resource and financial empowerment centers.
“We are so proud of our clients, who put in the time, effort and empathy to build these award-winning programs,” CU Strategic Planning Founder Jamie Strayer said. “Our CU Strategic Planning team really enjoys working with each and every one of our clients to amplify credit unions’ impact to bolster the economic strength of their respective communities.”
CU Strategic Planning clients accounted for 52% of all winning credit union applications, and they received an average of $73,000 more than other credit union Financial Assistance Awards. Specifically, CU Strategic Planning wrote 70% of all first-time winning credit union applications. And, CU Strategic Planning clients earned all 11 of the top-tier base Financial Assistance awards.
Treasury’s CDFI Fund pairs federal dollars alongside innovative investments of private sector capital to support mission-driven financial institutions in assisting economically disadvantaged communities. CDFI Financial Assistance awards granted are up to $1 million to boost usage of products and services, provide new services, expand operations or service new targeted populations.
About CU Strategic Planning
For more than a decade, CU Strategic Planning has provided business planning services for credit unions with a focus on community development. The company facilitates strategic planning meetings and writes business plans in addition to being the No. 1 CDFI grant-writing firm for credit unions in the country. Through grants, strategic and tactical planning, competitive analysis and more, CU Strategic Planning clients have achieved ROAs that average 103 basis points higher than the industry average.