Lizeth GeorgeThe Treasury Department’s CDFI Fund recently announced that they have awarded $1.73 billion to 601 CDFIs to offset the impact of the pandemic on hard-hit communities.
Congratulations to the League of Southeastern Credit Unions (LSCU) member credit unions who received more than $30 million in funds:
- Demopolis Federal Credit Union in Demopolis, Alabama
- Bay Credit Union in Panama City, Florida
- Calhoun Liberty Employees Credit Union in Blountstown, Florida
- Community South Credit Union in Chipley, Florida
- Dade County Federal Credit Union in Miami, Florida
- Financial Access Federal Credit Union in Bradenton , Florida
- First Commerce Credit Union in Tallahassee, Florida
- Grow Financial Federal Credit Union in Tampa, Florida
- JetStream Federal Credit Union in Miami Lakes, Florida
- Miami Postal Service Credit Union in Miami, Florida
- Priority Credit Union in Orlando, Florida
- USF Federal Credit Union in Tampa, Florida
- We Florida Financial in Margate, Florida
- Credit Union of Atlanta in Atlanta, Georgia
“In all, this $1.7 billion investment represents the largest CDFI grant program in history,” Vice President Kamala Harris said, in announcing the awards. “And because these grants are not loans, community lenders do not need to pay back not even a dollar of this investment.”
A total of 203 credit unions received more than $600 million through the Equitable Recovery Program (ERP).
