Nine credit unions from six states shared $17.15 million that the U.S. Treasury Department has awarded to credit unions out of the most recent round of funds. Eight of the nine institutions receiving awards of $2 million apiece.

The Treasury Department reported that overall, $90 million of the fund's $100 million supplemental economic stimulus appropriation this year went to CDFIs, with just over $17 million going to the nine. These include 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 North Carolina; 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 Treasury Secretary Timothy 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."