Working For Your Future
LCCU wins national grant award
LCCU is continually looking for ways to better serve its members and improve our products and services. When a grant opportunity from the U.S. Treasury appeared, we jumped at the chance to apply…and we won!
This year, just two Northwest credit unions – LCCU being one – received Community Development Financial Institution (CDFI) Program awards from the U.S. Treasury. The CDFI Program is designed to build capacity of the financial institution, enabling them to grow lending and investment activity in low income and economically distressed areas.
LCCU will use the $686,500 grant in two ways: to provide members with additional new products and services as well as increase the volume of current of products and services.
“We will be setting up a new and affordable operating line of credit/ small-business loan for small family farmers,” says Trisha Baker, LCCU’s President. “We’ll also be expanding our used auto lending programs.”
LCCU is proud to hold the designation of Community Development Financial Institution. To be a CDFI, the credit union needs to be low-income designated, meaning we are helping an underserved market by offering financial services to those who need it most.
Stay tuned to hear more about how we are able to use these grant funds and better the lives of our members.
