Federal grants to Michigan First Credit Union
Michigan First Credit Union in Southfield, Michigan received $7.0 million in federal grants from fiscal 2021 to 2025, across 4 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 October 31, 2026.
- Grants, FY 2021 to 2025$7.0 million
- Awards4
- Awarded in FY 2025$0
- Largest award$3.7 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.8 million |
| FY 2022 | 0 | $0 |
| FY 2023 | 2 | $4.4 million |
| FY 2024 | 1 | $800,000 |
| FY 2025 | 0 | $0 |
Programs that fund Michigan First Credit Union
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $3.7 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Community Development Financial Institutions Program | 2 | $1.4 million |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 4 | $7.0 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 |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 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 | $800,000 |
| 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 | $640,000 |
Questions people ask
How much federal grant money does Michigan First Credit Union get?
$7.0 million in 4 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Michigan First Credit Union the most?
The Department of the Treasury, with $7.0 million in 4 awards.
What is Michigan First 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 Michigan First Credit Union?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), Community Development Financial Institutions Rapid Response Program (CDFI RRP) and Community Development Financial Institutions Program.
Other grant recipients in Southfield
- Spaulding for Children
- United States Advanced Battery Consortium LLC
- Volunteers of America Michigan, Inc
- Lawrence Technological University
- William Beaumont Hospital
- Southfield Public School District
- Catholic Charities of Southeast Michigan
- Eaton Corp
Largest federal grant recipients in Michigan · Federal grants in Michigan