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U.S. Treasury Awards $2M to Focus Federal Credit Union
Tuesday, October 4, 2016 6:55 AM

Focus Federal Credit Union has been notified that they have been awarded a CDFI grant in the sum of $2 million dollars to help serve the underserved in the Oklahoma City metro area. Focus FCU, along with credit unions across the U.S., received a combined $185 million in Community Development Financial Institutions (CDFI) Fund grants from the U.S. Treasury.

"We are thrilled to receive this grant award,” said Focus Federal Credit Union CEO Kyle Roush. “Many Oklahoma City area families are experiencing financial hardships due to the economy and need help getting back on their feet but are finding it difficult to get fair credit. The grant funds will increase our capacity to offer affordable loans to the people who need them the most, in communities plagued by predatory lenders. In short, this allows Focus to continue its mission of helping people achieve their financial goals with many more supporting resources."

“Focus is the only Oklahoma credit union to receive funding this year,” said Lisa Adamiak, CFO/CPA at Focus FCU. “This grant will allow us to increase our work in financial education and outreach to those in Oklahoma who may not otherwise have access to those services. We know that our unique products coupled with financial education will help to create informed consumers who are set-up for long-term financial success. We hope to make a huge impact on the economically distressed areas we serve.”

About Focus Federal Credit Union
Member-owned and not-for-profit Focus Federal Credit Union is a certified Community Development Financial Institution that has served Oklahoma since 1955. Anyone who lives or works in Canadian, Cleveland, Grady, Lincoln, Logan, McClain, and Oklahoma counties is invited to join. Focus is an equal housing lender and is federally insured by the National Credit Union Association.

About the Community Development Financial Institutions Program (CDFI Program.)
The CDFI program invests in and builds the capacity of a nationwide network of community-based financial institutions with a primary mission of community development in economically distressed urban, rural, and Native communities. The CDFI Fund receives applications on an annual basis and awards funds through a competitive process.   For a complete list of award recipients and profiles, visit cdfifund.gov.