VACAVILLE, Calif.—Travis Credit Union said it has been awarded an $800,000 grant from Treasury’s Community Development Financial Institutions (CDFI) Fund to drive economic mobility, expand financial literacy, and increase access to affordable lending in underserved communities across 12 Northern California counties.
This latest award brings TCU’s total CDFI funding to $6.8 million, reinforcing its position as a leading force in community development the credit union said.
“At Travis Credit Union, we believe that financial empowerment is the cornerstone of thriving communities. This grant enables us to extend our reach, providing essential resources and opportunities to those who need them most,” President and CEO Kevin Miller said in a statement. “By investing in financial education and accessible lending, we’re not just offering services—we’re fostering hope and building a foundation for lasting economic growth.”
TCU said it has leveraged its CDFI status to form a strategic partnership with CNote, a, certified B-corporation dedicated to driving capital toward economic inclusion. Through this collaboration, TCU said it has already directed more than $900,000 in community deposits, funding small businesses growth initiatives, affordable housing, and local job creation.
Additional Benefits
TCU said additional impact includes:
- Providing no-cost financial education programs to historically underserved communities.
- Increasing access to affordable home loans and small business financing.
- Strengthening community-based partnerships that drive economic growth.
With the latest funding, TCU said it will enhance its efforts to:
- Expand financial literacy programs tailored to underserved populations.
- Provide affordable lending solutions that promote homeownership and small business growth.
- Strengthen partnerships that drive local economic development and job creation.