In an announcement made in early April, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions (CDFIs) across the country through the CDFI Equitable Recovery Program (CDFI ERP). These funds will strengthen the ability of CDFIs to help low- and moderate-income communities recover from the COVID-19 pandemic and invest in long-term prosperity.
As a designated CDFI, ANECA Credit Union is honored to receive $3.7 million of this grant money. “For more than 84-years, ANECA has been a financial advocate for the good people of Caddo, Bossier, or Desoto Parishes. With this grant funding, we will be able to expand our lending and investing outreach to those in greater need,” states David Wodke, Chief Executive Officer of ANECA. “Additionally, we’ll be able to provide even more community support to local businesses and non-profits, helping to improve our local economy, resources and services.”
ANECA was one of nine Louisiana credit unions to be awarded the grant funds due to their service within persistent poverty counties, and small businesses.