Grant applications from credit unions that are recognized as community development financial institutions to the U.S. Treasury’s CDFI Fund may face stiff competition, the fund’s data suggested.

According to the CDFI Fund, 35 credit unions out of 273 overall CDFIs applied for financial assistance grants out of its 2011 funding round. That represents less than 13% of the total number of institutions that applied by the November deadline for financial assistance, according to the data.

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