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Seattle Credit Union Granted ECIP Funds From U.S. Treasury Department

Seattle Credit Union was recently awarded $46,094,000 by the U.S Department of the Treasury, making us the state’s largest recipient of funds provided under the Emergency Capital Investment Program (ECIP). This funding, provided to a select group of Community Development Financial Institutions, is intended to respond to the economic impacts of the COVID-19 pandemic.

In the coming months, Seattle Credit Union will deepen the breadth of products and services available for small and minority-owned businesses and consumers. Today, consumers can expect the equitable level of service, responsible capital, and small business and consumer lending knowledge that has built trust in Seattle Credit Union here in the Puget Sound Region for 89 years.

Seattle Credit Union’s vision of prosperity for all Washingtonians is rooted in the Credit Union’s history as an alternative financial institution for working-class residents. A vision that will become closer to reality with this investment.

The impact to Washington residents will be felt in diverse manners including loans to low-income and minority borrowers and underserved small businesses, the development and preservation of affordable housing, and investments in community development projects.

Communities continue to struggle from the economic insecurity unleashed during the COVID-19 pandemic. Seattle Credit Union was a partner to those communities over the past two years, and with their trust, the Credit Union is ready to build on our history of responsible and equitable lending for a new chapter of prosperity in Washington.

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