The U.S. Treasury Department's Community DevelopmentFinancial Institutions Fund has recognized the Baltimore,Md.-based SecurityPlusFederal Credit Union as a CDFI, the credit union announced.
|The recognition enables the $365 million SecurityPlus to betterserve low- and moderate-income consumers, the credit union said.Benefits of certification include access to financial grants fromthe CDFI Fund, access to funds from the New Market Tax Creditsprogram and the enhanced ability to raise funds from foundations,corporations and state and local governments.
|Prior to certification, SecurityPlus also received a low incomedesignation from the NCUA.
|SecurityPlus CEO Brett Noll said, “We have been pursuing CDFICertification for many months, and both our staff and Board arevery excited to receive this designation. Becoming a communitydevelopment financial institution expands our ability to fulfillour brand promise of creating a positive difference in the lives ofmembers and within the communities we serve.”
|The addition of SecurityPlus means that 177 credit unionsnationwide have been recognized as CDFIs.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
