Treasury Announces Over $2 Billion in ECIP to 84 CUs
Yesterday, Vice President Kamala Harris and Treasury Secretary Janet Yellen announced $8.7 billion of capital provided to community development financial institutions (CFDIs) from the U.S. Department of Treasury's Emergency Capital Investment Program (ECIP), which aims to support, prepare for, and respond to the economic impacts of the COVID-19 pandemic.
Recipients here in Virginia include Freedom First Credit Union and Peoples Advantage Federal Credit Union.
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