Fourteen credit unions and organizations that work with credit unions received $1.5 million each from the latest round of awards from the U.S. Treasury's Community Development Financial Institutions Fund.
Their totals were part of more $28 million that went to 27 credit unions and supporting organizations.
"Every community deserves to have access to basic financial products and services, from bank accounts to affordable home and car loans. The CDFI program provides access to rural and urban communities across the country by investing in local financial institutions that serve these communities," said Deputy Treasury Secretary Neal Wolin. "Today's awards will provide much-needed capital to help community-based financial institutions offer products and services that would otherwise be out of reach for thousands of low-income Americans."
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