Low income credit unions thinking of applying for loans through the Obama administration's Community Development Capital Initiative can find out more details at one of three conference calls scheduled between now and April 1.
The sessions are scheduled to take place on March 4, March 18 and April 1 at 4:00 p.m. ET.
At the sessions, Treasury Department employees will discuss the application for the program, which uses funds from the Troubled Assets Relief Program to provide loans to financial institutions that serve underserved areas. The sessions will also cover the process for applying for certification as a community development financial institution; such certification is required to participate in the program.
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To obtain applications for the loan program, go to: www.financialStability.gov.
For information on the CDFI program, go to: http://www.cdfifund.gov/docs/certification/CDFI/CDFIcertificationApplication.pdf
To access any of the conference calls, participants need to call (202) 927-2255 and enter in the pin number 864232.
Credit unions have until April 2 to apply for the program. However, they have until April 16 to apply for designation by the Treasury Department as a community development financial institution.
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