Expanding opportunities in America’s cities

National Federation of Community Development Credit Unions

New York
$1.5 million

Awarded

Committed:
2013

More than 20 percent of U.S. households lack access to mainstream financial services, according to a 2011 Federal Deposit Insurance Corp. survey. The three-year low-interest loan insures deposits in community development credit unions in urban areas. The federation seeks to integrate access to affordable financial products with social services to help low-income individuals build assets and attain financial stability.