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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.
Other Community Development Financial Institutions in Ohio
ACEnet Ventures
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AHC Community Development, LLC
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Appalachian Development Federal Credit Union
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ASB Community Development Corp
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Cincinnati Development Fund
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Cincinnati New Markets Fund, LLC
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Columbus Compact Corporation
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Columbus Growth Fund, Inc., The
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Enterprise Development Corporation
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National City New Market Fund, Inc.
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Neighborhood Capital Corporation
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Shorebank Enterprise Group
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ShoreBridge Capital
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Uptown Consortium, Inc.
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Village Capital Corporation
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Featured Government Grant Resources
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.
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
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