Nine credit unions were among the 59 community developmentfinancial institutions that received awards from the U.S.Department of the Treasury's Community Development FinancialInstitutions Fund, according to a Department announcement.

The Treasury Department reported that $90 million of the Fund'sregular appropriation and supplemental economic stimulusappropriation went to the CDFI's, with just over $17 million goingto the nine CUs, which includes Alternatives Federal Credit Unionand Brooklyn Cooperative Federal Credit Union in New York; MendoLake Credit Union and Santa Cruz Community Credit Union inCalifornia; ASI Federal Credit Union in Louisiana; CommunicatingArts Credit Union in Michigan; First Legacy Community Credit Unionand Latino Community Credit Union in California; and OpportunitiesCredit Union in Vermont.

"The Recovery Act is playing a critical role in restoringeconomic growth and strengthening our nation's financial stabilityby developing and investing in local communities," said U.S.Treasury Tim Secretary Geithner. "The Recovery Act awards announcedtoday build on the Administration's efforts to get lenders lendingagain-these awards will help generate capital for small businesses,mortgage loans for homebuyers, and funding for affordable housingprojects and other facilities in communities across thecountry."