3 CUs Awarded CDFI Grants

Register now

Three credit unions were among 21 community development financial institutions awarded a total of $930,000 in technical assistance grants Friday by the Treasury's CDFI Program.

Brookland FCU, West Columbia, S.C., will use its $50,000 grant to hire a consultant to upgrade its computer system; NEWRIZONS FCU, Hoquiam, Was., will use its $46,000 award to develop a financial literacy program, buy an ATM, and relocate an existing branch; and Stevenson FCU, Stevenson, Ala., will use its $31,000 grant to upgrade its computer system.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER