Regional groups get TA award$

WASHINGTON - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI) announced Sept. 26 that 218 organizations received $27.57M in Technical Assistance (TA) awards to build capacity to provide services to low-income and underserved people and communities. The awards were made through the FY 2022 funding round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The CDFI and NACA programs provide monetary awards to invest in and build the capacity of specialized financial institutions called Community Development Financial Institutions (CDFIs), empowering growth, achieve sustainability, and contribute to the revitalization of low-income and distressed communities nationwide. CDFIs commonly use Technical Assistance awards to analyze products and services appropriate for their markets, develop lending policies and procedures, and build lending capacity. More established CDFIs also use TA awards to provide new products, serve current markets in new ways or enhance efficiency of operations. The NACA Program specifically awards funding to CDFIs that primarily serve Native American, Alaska Native, and Native Hawaiian people and communities. (Department of Treasury 09/26/22) CDFI Fund Announces FY 2022 CDFI Program and NACA Program Technical Assistance Awards | Community Development Financial Institutions Fund 

REGIONAL institutions in Louisiana and Mississippi receiving $125K grants: Ascencion Credit Union in Gonzales, La. (CDIF); Choctaw (Miss.) Credit Union (NACA); Commercial Capital Credit Corp. (Dekalb, Miss. CDIF); MUNA Credit Union, Meridian, Miss, (CDIF); Section 705 Credit Union, Lafayette, La. (CDFI); University of Louisiana Federal Credit Union, Lafayette, La. (CDFI); WBRT Credit Union, Port Allen, La. (CDFI).