CDFI Awards Technical Assistance ToCUs

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WASHINGTON - (08/08/05) -- The Treasury Department said Fridayit awarded 10 credit unions a total of $450,000 in technicalassistance grants under its Community Development FinancialInstitutions Program. North Hawaii Community FCU is using its$42,884 to teach financial literacy to former prisoners, functionalilliterates and mentally challenged; Neighborhood Trust FCU, in NewYork, is using its $37,200 to help set up a small business andmicro-enterprise loan program; The Triumph Baptist FCU, inPhiladelphia, will use its $32,700 grant to help finance anaudio-teller call center and an ATM card program. Other recipientsare: New Life CU ($75,000); Bethex FCU ($46,254); CentralAppalachian Peoples FCU ($75,000); Choices FCU ($49,500);Opportunities CU ($62,055); St. James AME FCU ($49,260) and St.Philip's Church FCU ($44,000). The CDFI Fund awarded a total of $12million in technical assistance grants to 94 community developmentfinancial institutions under the TA phase of the program. The CDFIFund also awarded $10 million to 53 banks under the Bank EnterpriseAct phase of the program.

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