VACAVILLE, CA (February 27, 2025) |
Travis Credit Union (TCU) has been awarded an $800,000 grant from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund to drive economic mobility, expand financial literacy, and increase access to affordable lending in underserved communities across 12 Northern California counties.
This latest award brings TCU’s total CDFI funding to $6.8 million, reinforcing its position as a leading force in community development.
“At Travis Credit Union, we believe that financial empowerment is the cornerstone of thriving communities. This grant enables us to extend our reach, providing essential resources and opportunities to those who need them most,” said Kevin Miller, president and CEO of Travis Credit Union. “By investing in financial education and accessible lending, we're not just offering services—we're fostering hope and building a foundation for lasting economic growth.”
TCU has leveraged its CDFI status to form a strategic partnership with CNote, a, certified B-Corporation dedicated to driving capital toward economic inclusion. Through this collaboration, TCU has already directed more than $900,000 in community deposits, funding small businesses growth initiatives, affordable housing, and local job creation. Additional impact includes:
- Providing no-cost financial education programs to historically underserved communities.
- Increasing access to affordable home loans and small business financing.
- Strengthening community-based partnerships that drive economic growth.
With this latest funding, TCU will enhance its efforts to:
- Expand financial literacy programs tailored to underserved populations.
- Provide affordable lending solutions that promote homeownership and small business growth.
- Strengthen partnerships that drive local economic development and job creation.
By strategically deploying these funds, TCU continues to serve as a catalyst for financial empowerment, ensuring equitable access to essential financial services across the region.
For more information about Travis Credit Union and its services, please visit www.traviscu.org.