SAN FRANCISCO—Three credit unions are among the finalists for the $100,000 grants from Wells Fargo’s NEXT Awards.
The NEXT Seed Capital Awards offer a $100,000 unrestricted grant to a CDFI with a promising idea for expanding coverage.
In the category of the NEXT Seed Capital Award, which provides a $100,000 grant to one CDFI to support the development of a compelling consumer financial services strategy to expand coverage in underserved communities, Holy Rosary Credit Union, Kansas City, is among the three finalists.
In the category of NEXT Seed Capital Award for Savings Innovation, which provides a $100,000 grant to one CDFI to support the development of a compelling consumer financial services strategy focused on savings, Alternatives Federal Credit Union, Ithaca, N.Y., and Express Credit Union, Seattle, are among the finalists.
The Wells Fargo NEXT Awards for Opportunity Finance have awarded more than $66 million through a competitive awards process over the last eight years.