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Native American CDFI Distribution Contains Money for CU

The most recent award of funds from the U.S. Treasury Department's Community Development Financial Institutions fund's Native American CDFI Assistance (NACA) Program has included money for developing a new Native American Credit Union.

By David Morrison | Updated on July 18, 2007

WASHINGTON — The most recent award of funds from the U.S. Treasury Department’s Community Development Financial Institutions fund’s Native American CDFI Assistance (NACA) Program has included money for developing a new Native American Credit Union.

According to the award announcement, just over $3.6 million was awarded to19 organizations serving Native American or Alaskan Native communities in 12 states. One of those was the Pascua Yaqui Tribe, headquartered in Tucson, Ariz.

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