Sunday November 12, 2017

U.S. Treasury Certifies Oswego County FCU as CDFI

Credit union attains community development financial institution status

    Oswego County Federal Credit Union has been certified as a community development financial institution by the U.S Department of the Treasury.

    “As a CDFI, we’ll work in our county to specialize in helping our neighbors who are underserved by traditional financial institutions,” said Bill Carhart, OCFCU CEO.


    The target market area for OCFCU as a CDFI is the low-income population in Oswego County through the federal community development financial institutions fund.


    The CDFIF fund was created for the purpose of promoting economic revitalization and community development for underserved populations in distressed communities in the United States, according to mycdfi.cdfifund.gov.


    Since its creation, the CDFI Fund has awarded more than $2 billion to community development organizations and financial institutions.


    “OCFCU will now act as a conduit for those funds to make life better for the communities we serve,” Carhart said.


    OCFCU was chartered in 1975 and serves residents and business owners of Oswego County.

Oswego County Business Magazine
Issue 157

Issue 157
August/September 2018

Cover Story

  • Thunder Island Rolls
  • Thunder Island’s new owners are investing $2.5 to buy and turn the local water park into a top destination that they say will rival Darien Lake’s theme park

Profiles

Rodmon King

On The Job

On The Job

Success Stories

Dr. Padma Ram Medical Services, LLC

My Turn

A Dangerous Time to Be a Journalist

Economic Trends

OCO Honors Those Who Make a Difference

Last Page

Jiancheng Huang