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

The Treasury Department reported that $90 million of the Fund's regular appropriation and supplemental economic stimulus appropriation went to the CDFI's, with just over $17 million going to the nine CUs, which includes Alternatives Federal Credit Union and Brooklyn Cooperative Federal Credit Union in New York; Mendo Lake Credit Union and Santa Cruz Community Credit Union in California; ASI Federal Credit Union in Louisiana; Communicating Arts Credit Union in Michigan; First Legacy Community Credit Union and Latino Community Credit Union in California; and Opportunities Credit Union in Vermont.

"The Recovery Act is playing a critical role in restoring economic growth and strengthening our nation's financial stability by developing and investing in local communities," said U.S. Treasury Tim Secretary Geithner. "The Recovery Act awards announced today build on the Administration's efforts to get lenders lending again-these awards will help generate capital for small businesses, mortgage loans for homebuyers, and funding for affordable housing projects and other facilities in communities across the country."