Federal grants to Valley First Federal Credit Union
Valley First Federal Credit Union in Modesto, California received $5.3 million in federal grants from fiscal 2021 to 2025, across 5 awards. Its largest program was Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with $3.7 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$5.3 million
- Awards5
- Awarded in FY 2025$0
- Largest award$3.7 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 0 | $0 |
| FY 2022 | 1 | $126,352 |
| FY 2023 | 2 | $4.2 million |
| FY 2024 | 2 | $906,094 |
| FY 2025 | 0 | $0 |
Programs that fund Valley First Federal Credit Union
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $3.7 million |
| Community Development Financial Institutions Program | 2 | $1.1 million |
| Small Dollar Loan Program | 2 | $407,446 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 5 | $5.3 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $3.7 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | September 26, 2024 | $625,000 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | February 28, 2023 | $510,000 |
| Purpose: to support certified community development financial institutions (CDFIS) to provide an alternative to high cost small dollar loans, as well as help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system. P | Small Dollar Loan Program | April 16, 2024 | $281,094 |
| Purpose: to support certified community development financial institutions (CDFIS) to provide an alternative to high cost small dollar loans, as well as help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system. P | Small Dollar Loan Program | September 27, 2022 | $126,352 |
Questions people ask
How much federal grant money does Valley First Federal Credit Union get?
$5.3 million in 5 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Valley First Federal Credit Union the most?
The Department of the Treasury, with $5.3 million in 5 awards.
What is Valley First Federal Credit Union's largest federal grant?
$3.7 million under Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with its first action in the period on April 10, 2023. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Valley First Federal Credit Union?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), Community Development Financial Institutions Program and Small Dollar Loan Program.
Other grant recipients in Modesto
- Central California Migrant Head Start Program
- Stanislaus County Office of Education
- Stanislaus Regional Transit Authority
- Gallo Glass Co
- Yosemite Community College District
- City of Modesto
- Stanislaus Regional Housing Authority
- County of Stanislaus
Largest federal grant recipients in California · Federal grants in California