Money going into a house that looks like a bank Credit/AdobeStock

A $4 million JPMorgan Chase loan made to Inclusiv’s Racial Equity Investment Fund has been earmarked for the $620 million OnPath Federal Credit Union in Metairie, La., to deepen its capacity to serve Hispanic communities and to continue creating asset building opportunities among other minority groups.

The $20 million Racial Equity Investment Fund makes subordinated debt investments in minority depository institution (MDI) and Community Development Financial Institution (CDFI) credit unions to support their growth and advance financial inclusion among Black, Hispanic, Native, and Asian American and Pacific Islanders (AAPI) communities.

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