BREMERTON, Wash.–Kitsap Credit Union said it plans to use the $600,000 CDFI grant it received to expand its services into underserved markets.
Kitsap CU, which became a community development financial institution in 2022, said it had applied for the grant to expand “financial services to those community members in economic need.”
“Now that we have been awarded this grant, our credit union will begin to develop plans to allocate the CDFI grants,” said Kitsap Credit Union CEO Shawn Gilfedder. “We are looking to expand our services and products for the underserved populations in our communities, including women’s entrepreneurship and the indigenous population.”
The Goals
The $2.225-billion credit union said its goals are to help financially educate and support their community and, in turn, promote a healthier local economy.
“For 89 years, Kitsap Credit Union has worked to improve the lives of our members and our community, and we will keep that tradition alive for years to come,” said Gilfedder.
Kitsap Credit Union has approximately 154,000 members.
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