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 154

Issue 154
February/March 2018

Cover Story

  • The New No.1
  • Exelon, owner-operator of three county-based nuclear power facilities, becomes Oswego County’s top private employer

Profiles

Wayne Westervelt

My Turn

Corporate Ruthlessness and The Four-Way Test

Economic Trends

Creation of Regional Waste Water Treatment Facility Under Study

Last Page

Tom Kells