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Faith Community United Credit Union, Inc.
3550 East 93rd StreetCleveland OH, 44105-1644
CDFI Awards for Faith Community United Credit Union, Inc.
CORE (1996) - $350,000
A $200,000 grant from the CDFI Fund will provide a significant boost to its net worth, which can be leveraged many times over through increasing member and nonmember shares. Growth of capital will allow expansion of financial services to its community. Expansion of services is based on a strategic planning process supported by the Lilly Endowment and the Cleveland and Gund Foundations. The credit union intends to expand into home improvement loans and acquisition/repair loans as a strategy to turn vacant properties into owner occupied homes.
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