X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – The U.S. Treasury Department’s often attacked and occasionally beleaguered Community Development Financial Institution Fund has announced that it will have approximately $25 million available for which certified CDFIs can apply in fiscal year 2006. Community development credit unions have largely, though not always, found the CDFI Fund generous and helpful in its grant making. Whereas in fiscal year 2003 it only granted just over $1 million to four credit unions or credit union-affiliated organizations, in the last funding round 10 credit unions or affiliated organizations received almost $7 million. In one potential difficulty, the CDFI Fund announced that this year’s applications would only be taken electronically. Although it has encouraged electronic applications in the past, this is the first year when it has limited its application process to only CDFIs which can apply electronically, and some smaller credit union CDFIs have struggled with electronic applications.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.