Federal grants to Freedom First Federal Credit Union
Freedom First Federal Credit Union in Roanoke, Virginia received $4.9 million in federal grants from fiscal 2021 to 2025, across 7 awards. Its largest program was Community Development Financial Institutions Program, with $2.5 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$4.9 million
- Awards7
- Awarded in FY 2025$0
- Largest award$1.8 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $2.0 million |
| FY 2022 | 2 | $935,573 |
| FY 2023 | 1 | $797,900 |
| FY 2024 | 2 | $1.2 million |
| FY 2025 | 0 | $0 |
Programs that fund Freedom First Federal Credit Union
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Program | 3 | $2.5 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Small Dollar Loan Program | 3 | $611,960 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 7 | $4.9 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| 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 | $900,000 |
| 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 | $797,900 |
| 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 | December 8, 2021 | $766,530 |
| 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 | $287,417 |
| 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 | $169,043 |
| Purpose: 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. Activities to be performed: through the sdl program, the cdfi fund will pro | Small Dollar Loan Program | September 23, 2021 | $155,500 |
Questions people ask
How much federal grant money does Freedom First Federal Credit Union get?
$4.9 million in 7 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Freedom First Federal Credit Union the most?
The Department of the Treasury, with $4.9 million in 7 awards.
What is Freedom First Federal Credit Union's largest federal grant?
$1.8 million under Community Development Financial Institutions Rapid Response Program (CDFI RRP), with its first action in the period on June 15, 2021. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Freedom First Federal Credit Union?
Its largest are Community Development Financial Institutions Program, Community Development Financial Institutions Rapid Response Program (CDFI RRP) and Small Dollar Loan Program.
Other grant recipients in Roanoke
- Total Action Against Poverty in Roanoke Valley
- Davis & McDaniel Veterans Care Center
- City of Roanoke Redevelopment & Housing Authority
- City of Roanoke
- Greater Roanoke Transit Co
- Virginia Western Community College
- Roanoke Regional Airport Commission
- Kuumba Community Health & Wellness Center, Inc.
Largest federal grant recipients in Virginia · Federal grants in Virginia