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Community 1st Credit Union Receives $625,000 CDFI Grant to Support Community Development Initiatives
November 7, 2024
Ottumwa, IA - Community 1st Credit Union (C1st) is excited to announce they will be awarded a $625,000 grant from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund for the 4th time. This significant investment will enable C1st to further its commitment to promoting financial inclusion and supporting underserved communities throughout Iowa.
“We are incredibly honored to receive this grant from the CDFI Fund,” said C1st President and CEO Greg Hanshaw. “This funding will allow us to enhance our services and make a deeper impact on the communities we serve, empowering more members to achieve their financial goals.”
As a CDFI-certified credit union, C1st is committed to providing affordable financial products and services to individuals in underserved areas. This grant will help fund key community-focused initiatives, including expanding access to financial education, offering more affordable loan products, and investing in local community development projects.
With this $625,000 grant, C1st plans to:
- Expand affordable lending programs for first-time home buyers.
- Increase access to financial literacy programs and coaching services.
- Partner with local organizations to boost community development in underserved areas across Iowa.