Resources to Help Credit Unions Apply for ECIP

on "June 14, 2021 8:07 am"

Inclusiv invites you to the second installment of our Town Hall series focused on the Treasury Department's Emergency Capital Investment Program (ECIP).

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Resources to Help Credit Unions Apply for ECIP
Join us for Session 2 of our ECIP Webinar Series
Tuesday, June 15 at 3 PM ET
Register Here

 

The program will provide $9 billion in low-cost, long-term capital investments to community development financial institution (CDFI) depositories and minority depository institutions (MDIs).

If your credit union submitted its application for CDFI certification as of December 27, 2020, and is currently certified, or is MDI designated AND has the low-income designation, then it is eligible to apply for long-term, inexpensive secondary capital. Still wondering if this is the right fit for your credit union? There’s still time to apply. Join the Inclusiv team to learn about tools and guidance that may help you make an informed decision.

The ECIP program represents a historic opportunity to access an unprecedented level of resources to support the growth of your institution as the country continues its economic recovery process.

Secondary Capital is high octane fuel that your credit union can use to absorb and leverage the liquidity that our industry is experiencing. Do not let this opportunity pass you by.

Resources to help you participate in this opportunity:inclusiveletter

Apply for ECIP capital to transform your community and to continue work that advances social equity and financial inclusion. Applications must be received by the Department of Treasury by Tuesday, July 6, 2021. For questions about Inclusiv's secondary capital products and the ECIP application process, please contact capital@inclusiv.org.