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Skyline view of downtown Louisville, Ky. Skyline view of downtown Louisville, Ky. (Source: f11photo/Shutterstock)

A Louisville credit union has become the first in Kentucky to be designated as a federal Community Development Credit Union.

Park Community Credit Union ($975.2 million in assets, 86,624 members) announced Jan. 30 it had received the designation from the U.S. Treasury Department, which will allow it to receive federal grants to support programs to serve economically disadvantaged, low- to moderate-income communities.

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Jim DuPlessis

A journalist for decades.

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