LIHUE, Hawaii–Kauai Government Employees FCU has been awarded $1.8-million in COVID-19 relief funds as part of a national award of $1.25 billion to 863 Community Development Financial Institutions (CDFIs).
Kauai Government Employees Federal Credit Union received its designationas a CDFI in December 2020.
"These funds build our capacity to serve better borrowers who are traditionally not able to access capital," said KGEFCU CEO and President Monica Belz. "By growing a more equitable system of capital, we empower our local business community, create meaningful jobs and ensure local talent can flourish. This is our commitment to resilience and recovery on Kauai."
KGEFCU Is one of nine CDFI's in the state of Hawaii to receive this award, andthe only CDFI on Kauai to be awarded RRP funds.