TACOMA, Wash.–CU Strategic Planning is reporting its clients represented nearly half of all credit unions that received funds in the most recent round of grants from Treasury’s Community Development Financial Institutions Fund. In all, CUSP clients received $16.7 million.
In all, 45.5% of all winning credit union applications came from CU Strategic Planning client credit unions, earning an average of $666,420, which was 10.4% more than other credit unions granted Financial Assistance Awards. CU Strategic Planning also wrote two-of-the-three largest credit union awards at $900,000 each.
In total, 230 CDFIs, including 55 credit unions, earned awards totaling $127 million in Financial Assistance grants.
“Congratulations to all of the CDFI Grant winners this year,” CU Strategic Planning Founder Jamie Strayer said. “We are particularly proud of our clients, who put in the time, effort and empathy to create and execute on these award-winning programs. We love working with all of our credit union clients to help them unlock the potential in their communities.”
Treasury’s CDFI Fund pairs federal dollars with innovative investments of private sector capital to support mission-driven financial institutions to support economically disadvantaged communities.