Resource One Credit Union Receives CDFI Grant to Support Community Projects.
Resource One Credit Union plans to use grant money to fund projects designed to help surrounding communities.
DALLAS, TX (July 30, 2021)
Resource One Credit Union was honored to receive a Community Development Financial Institutions grant to fund projects designed to support the Credit Union’s surrounding communities. Resource One was one of only 11 credit unions in Texas to receive the grant and one of 244 credit unions nationwide. Credit unions combined received $401.8 million in grant awards out of the $1.25 billion distributed.
The Community Development Financial Institutions Fund (CDFI Fund) was created as part of the U.S. Department of Treasury to promote economic and community development. As a result, investments into credit unions such as Resource One, make is possible for America’s underserved and distressed communities to access affordable loans, credit opportunities, and financial products and services they otherwise would not be eligible to receive.
Resource One plans to deploy the funds back into the communities through initiatives and projects such as Hispanic outreach, low income community support, and financial education. These initiatives include projects that have already been implemented and upcoming projects planned to release throughout 2021.
About Resource One Credit Union
Resource One Credit Union was originally chartered as Sears Dallas Employees Federal Credit Union in 1936. Over time, the increased demand for more locations and additional products and services prompted the expansion of our product lines and field of membership. Today, Resource One proudly serves as a not-for-profit financial institution for the communities of Dallas and Northwest Harris counties. Resource One Credit Union has 13 convenient locations to serve our 70,000 and counting members. Visit Resource One Credit Union’s homepage at www.r1cu.org.