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Food Processors Credit Union
Modesto CACDFI Awards for Food Processors Credit Union
FA (2006) - $393,440
Community Trust Credit Union (CTCU, formerly known as Food Processors Credit Union) was established in California?s Central Valley in 1961. At the end of 2005, it had three branches, total assets of $50 million, and 12,000 members. CTCU offers traditional credit union account offerings as well as programs, products, and services that feature access to education, information, and end-use products that support financial stability for Hispanic and other underserved, low-income families preparing them for the ultimate goal of homeownership. The $293,700 Financial Assistance Award will be used to cover staff salary costs for a new Call Center model to be implemented in 2007. The Center will help the Awardee to more efficiently manage the high volume of activity generated by its members and thereby free up other staff for more direct development services. The additional $99,740 Technical Assistance grant will be used to: 1) purchase Call Center technology and installation, office furniture, computers, printers, and other equipment; 2) hire consultants to reconstruct offices to accommodate the new Call Center; and 3) provide training for at least three staff members on Call Center management and cross selling of products.
TA (2004) - $78,640
Food Processors Credit Union will use the award to acquire technology for an ATM branch, that will provide affordable financial services in an underserved market.
CORE (2002) - $592,500
The Fund"s technical assistance grant of $92,500 will be used to purchase technology and contract consulting services in preparation for the credit union"s expansion.
Other Community Development Financial Institutions in California
ACCION San Diego
San Diego
Banco BuenaVentura
Oxnard
Bethany Square, LLC
Santa Monica
BEYOND THE BOTTOM LINE, LLC
San Fernando
Big Pine Paiute Tribe
Big Pine
Chevron NMTC Fund, LLC
San Franscisco
Clearinghouse CDFI, The
Lake Forest
Comunidades Federal Credit Union
Los Angeles
CT/KDF Community Development Partners, LLC
Newport Beach
El Futuro Credit Union
Porterville
Episcopal Community Federal Credit Union
Los Angeles
Faith Based Federal Credit Union
Oceanside
Genesis LA CDE, LLC
Los Angeles
Housing Trust Fund of Santa Barbara County
Santa Barbara
Impact Community Capital CDE, LLC
San Francisco
Karuk Community Loan Fund, Inc.
Happy Camp
KHC New Markets CDE, LLC
Carlsbad
LA Charter School New Markets CDE
Los Angeles
Los Angeles Development Fund
Los Angeles
Los Angeles LDC, Inc.
Los Angeles
Low Income Investment Fund
San Francisco
Lowe Economic Development Company, LLC
Los Angeles
Mission Area Federal Credit Union
San Francisco
Mission Community Bancorp
San Luis Obispo
Mission Community Bank, N.A.
San Luis Obispo
National New Markets Fund, LLC
Los Angeles
Neighborhood Bancorp
National City
New Markets Community Capital, LLC
Los Angeles
NHS Neighborhood Lending Services
Los Angeles
Northeast Community Federal Credit Union
San Francisco
Northern California Community Loan Fund
San Francisco
OneCalifornia Bancorp, Inc.
San Francisco
Opening Doors, Inc.
Sacramento
Pacific Community Ventures Investment Partners II, LLC
San Francisico
Pacific Community Ventures, Inc.
San Francisco
Pacoima Development Federal Credit Union
Lake View Terrace
Pasadena Development Corporation
Pasadena
Revolution Community Ventures, LLC
San Diego
Rural Community Assistance Corporation
West Sacramento
TELACU Community Capital
Los Angeles
Women"s Economic Ventures of Santa Barbara
Santa Barbara
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