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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 Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
