FIRCREST, Wash.–TAPCO Credit Union has been certified as a community development financial institution (CDFI) by the Treasury Department.
“TAPCO plans on leveraging this certification to obtain grant funding to further expand our products and services to address areas of inequity in our community,” said CEO Justin Martin. “We are thankful for the opportunity to earn this designation, as future grant funding will allow us to do more for our community and the people the financial system has historically underserved."
TAPCO said it will work to access CDFI grant funds to support financially vulnerable residents and communities.
Partnered With CU Strategic Planning
TAPCO Credit Union partnered with CU Strategic Planning, the largest credit union consultancy focused on CDFI certification and grant fund applications, as well as strategic planning, financial empowerment and DEI initiatives.
“The work our client credit unions do to unlock opportunities within their communities is essential to help eliminate banking deserts, eradicate predatory lending and reduce generational poverty across the United States,” CU Strategic Planning CEO/Co-Owner Stacy Augustine said. “CDFI certification opens pathways to additional capital that credit unions can then pump into their communities to improve the lives of their members and those around them.”
The credit union said its next step will be to work with CU Strategic Planning to analyze data around underserved populations in its area.
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