Vice President Kamala Harris and Treasury Secretary Janet Yellen at the awards announcement Tuesday. (Photo courtesy of Inclusiv)
Credit unions accounted for nearly half of all financial institutions receiving capital infusions through a Treasury Department program to support their work in low-income communities.
Vice President Kamala Harris and Treasury Secretary Janet Yellen announced Tuesday that 186 financial institutions, including 85 credit unions, had received a grant ranging from $100,000 to $200 million in the form of secondary capital under the Emergency Capital Investment Program (ECIP).
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