The Inclusiv Resilience Fund was launched to support credit unions serving communities of color that have been disproportionately affected by the coronavirus pandemic and marginalized because of race, ethnicity or immigration status. The fund is open to credit unions that are led by and serving people of color that are under $100 million in assets. The deadline for the first round of grants is July 10.
Inclusiv is a national network of credit unions with a mission of helping low- and moderate-income people and communities. Inclusiv is accepting applications for the first round of grant support to credit unions providing financial relief to consumers and small businesses such as low-cost small-dollar loans, loan payment forbearance, fee waivers, new account opening for unbanked individuals and support for Paycheck Protection Program (PPP) lending and borrowers.
In the first wave of funding, Inclusiv will distribute over $625,000 in grant support. Grants up to $20,000 will be available for expenses related to COVID response and expanding financial inclusion in communities of color, including equipment and technology to enhance digital services, expenses incurred to offer loan extensions, emergency loan product deployment, and operational expenses.
The Inclusiv Resilience Fund is an opportunity for minority designated credit unions to receive funding to expand the scope and reach of their financial programs and services for the benefit of the people and communities they serve. Minority designated credit unions can apply here.
Please contact Monica Copeland, Inclusiv senior program officer, at email@example.com with questions.