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 155

Issue 155
April/May 2018

Cover Story

Profiles

Shane Broadwell

On The Job

On The Job

Success Stories

The Digital Hyve

My Turn

Thanks to Trump, Investigative Journalism Is Alive and Well

Economic Trends

Business Competition Has Record Number of Applicants

Last Page

Sarfraz Mian