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Washington Evening Journal
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Washington, IA 52353
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Community 1st Credit Union receives $625,000 grant for Community Development Initiatives
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Community 1st Credit Union (C1st) is excited to announce it will be awarded a $625,000 grant from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund for the fourth time. This significant investment will enable C1st to further its commitment to promoting financial inclusion and supporting underserved communities throughout Iowa.
“We are incredibly honored to receive this grant from the CDFI Fund,” said C1st President and CEO Greg Hanshaw. “This funding will allow us to enhance our services and make a deeper impact on the communities we serve, empowering more members to achieve their financial goals.”
As a CDFI-certified credit union, C1st is committed to providing affordable financial products and services to individuals in underserved areas. This grant will help fund key community-focused initiatives, including expanding access to financial education, offering more affordable loan products, and investing in local community development projects.
With this $625,000 grant, C1st plans to:
- Expand affordable lending programs for first-time home buyers.
- Increase access to financial literacy programs and coaching services.
- Partner with local organizations to boost community development in underserved areas across Iowa.
About Community 1st Credit Union
Community 1st Credit Union is a not-for-profit financial cooperative with more than $990 million in assets. The credit union, established in 1936, serves nearly 70,000 members. C1st has more than 290 employees and is headquartered in Ottumwa. The credit union has branches in Albia, Atlantic, Bloomfield, Cedar Rapids, Centerville, Chariton, Creston, Fairfield, Grinnell, Indianola, Knoxville, Mount Pleasant, Osceola, Oskaloosa, Ottumwa, Pella, Shenandoah, and Washington. Two locations coming soon in Avoca and Harlan, Iowa.
