PORT ANGELES, Wash. -- The most recent awardees from the U.S. Treasury Department's Community Development Financial Institution's Fund included 13 credit unions.

The fund made awards of almost $54.2 million to 89 organizations overall. According to the National Federation of Community Development Credit Unions (Federation), roughly $5.4 million or about 10% of the money overall went to credit unions, including nine of its members.

The biggest credit union and credit union organization awardees included the $280 million ASI Federal Credit Union, headquartered in the New Orleans area, the $66 million Latino Community Credit Union, headquartered in Raleigh, North Carolina and the Federation itself.

Each of these received awards of at least $1 million. The Federation said that its award will provide capital for a new mortgage refinancing product, "1st HELP" (1st Home Emergency Loan Product), to assist borrowers who are at risk of losing their homes.

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