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South Side Community Federal Credit Union
Chicago ILCDFI Awards for South Side Community Federal Credit Union
FA (2008) - $345,996
South Side Community Federal Credit Union (SSCFCU) is a certified CDFI established in 2003. SSCFCU serves low-income, underserved, and predominantly African-American residents of Chicago’s south side. SSCFCU will use the FY08 Financial Assistance award of $250,000 as loan loss reserve and capital reserves as it experiences tremendous growth. SSCFCU will use the FY08 Technical Assistance grant of $95,996 to hire a Director of Marketing and Development, to enhance its economic development programs, and to purchase technology to improve impact tracking.
FA (2006) - $150,000
South Side Community Federal Credit Union (SSCFCU) is a low-income designated community development credit union established in 2003. SSCFCU provides financial services and financial education to members located on the south side of Chicago. SSCFCU will use a 2006 Financial Assistance Award of $50,000 to introduce mortgage services and a Technical Assistance Award of $100,000 to: 1) obtain the technology necessary for an expanding business; 2) pay a portion of a new loan officer"s salary; and 3) provide training on database development and data tracking software.
Other Community Development Financial Institutions in Illinois
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
NAB Bank
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
Featured Government Grant Resources
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
