Faith Community United Credit Union, Inc.

3550 East 93rd Street
Cleveland OH, 44105-1644


Started as a church congregation based credit union in 1957, Faith has grown into a full fledged community development credit union to better serve the low-income African-American community on the east side of Cleveland. It now has almost 2,500 members and serves its membership with consumer auto and mortgage loans.

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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