The $16 million Bethex Federal Credit Union has won an award that will bring it an additional $25,000, the credit union said.

Bethex is a leading community development credit union in Bronx, N.Y., and has long been recognized as a community development financial institution. The Wachovia Wells Fargo NEXT Awards recognized Bethex's long history of serving the lower income areas of the Bronx.

The Wachovia Wells Fargo Foundation funds the grant program which has recognized other community development credit unions in the past.

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