BALTIMORE — Securityplus FCU said it is now certified as a Community Development Financial Institution by the U.S. Treasury, making it one of just 177 CDFI-certified credit unions in the nation.
The certification will give the $365 million CU access to financial grants from the CDFI Fund, as well as access to New Market Tax Credits and the ability to raise funds from foundations, corporations and state and local governments.
Securityplus previously earned a low-income designation from NCUA, as well.
"We have been pursuing CDFI certification for many months, and both our staff and board are very excited to receive this designation," said Brett Noll, CEO of the 34,000-member institution. "Becoming a Community Development Financial Institution expands our ability to fulfill our brand promise of creating a positive difference in the lives of members and within the communities we serve."
