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Six Kansas & Missouri Credit Unions Awarded Grants/Loans from the CDFI Fund

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded grants and loans to 265 organizations, including six credit unions in Kansas and Missouri. 

Kansas and Missouri recipients
Six credit unions in the region received $3.6 million in total. 

  • Alliance Credit Union, Fenton, MO
  • Guadalupe Centers Federal Credit Union, Kansas City, MO
  • River Region Credit Union, Jefferson City, MO
  • St. Louis Community Credit Union, St. Louis, MO
  • Unite Burlington Credit Union, St. Louis, MO
  • Mazuma Credit Union, Overland Park, KS

Impact on credit unions nationwide
Of the 265 organizations, 55 were credit unions. A total of $171 million was awarded, with $39.4 million directed toward credit unions nationwide.The total amount of funding directed to the credit union industry since the inception of the CDFI Fund is $291 million. 

The National Federation of Community Development Credit Unions (Federation) advocates on behalf of low-income consumers to gain greater access to safe and responsible credit union products and services. As the leading CDFI advocate promoting financial inclusion, the Federation works to increase CDFI Fund investments in the growth and expansion of credit unions in some of this country's lowest income communities. 

“The Federation is pleased that a larger number of credit unions received awards this year. We know that credit unions are one of the most effective mechanisms to leverage CDFI capital and to empower LMI communities by helping transform the lives of low-income residents and small business owners through the use of credit union products and services,” says Pablo DeFilippi, Federation senior vice president of membership and network engagement. “The increase in the number of CDFI certified credit unions this year bodes well for a future with ever-increasing numbers of credit unions receiving awards to grow membership, deposits and loans. We will continue to work with the Fund to increase the number and size of the awards credit unions receive.”

Read the full article on the Federation’s website.