WASHINGTON — Employees of credit unions interested in applying for grants from the Treasury Department's Community Development Financial Institutions Fund can learn more about the program during a teleconference on Tuesday from 2:00-3:00 ET.

During the session, department officials will discuss the application process and the criteria used to evaluate the programs for which credit unions want to obtain funding.

The fund awards $54 million in grants to community-based institutions that provide affordable financing and related services to communities and populations lacking access to credit, capital and financial services. Since it was created in 1994, it has awarded $564 million in grants.

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The application deadline is October 29

For details about the teleconference go to: http://www.cdfifund.gov/news_events/CDFI-2008-43-QATeleconferenceSchedule.asp.

To view an earlier Webcast on the application process, go to:

http://www.cdfifund.gov/news_events/CDFI-2008-31-WebcastFY2009CDFIProgram.asp.

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