MIDLAND, Mich.– Members First Credit Union has been awarded a $1.5 million Community Development Financial Institution (CDFI) grant.
According to the $808-million CU, the grant will enable it to further its mission of supporting underserved communities and driving economic opportunity for its members.
“In an unprecedented act of advocacy by the Michigan Credit Union League, the state of Michigan allocated $75 million into their 2023 budget to distribute in the form of grants to Michigan credit unions and loan funds that are federally certified as Community Development Financial Institutions (CDFI’s),” Members First said.
First State in the Country
Michigan is the first state in the country to successfully fund this type of program, the credit union added.
“We are honored to be entrusted and empowered with this funding,” said Kristen Williamson, community relations leader at Members First. “We are looking forward to continuing our mission of ‘encouraging a better tomorrow’ and supporting local communities and our members with this grant funding.”
The credit union has more than 62,000 members.
Feeling the FOMO Fever? CUToday.info Has a Prescription
Are you missing out on the latest news in credit unions? Missing the trends and developments you need to be aware of? We can help. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
And it’s free!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.