Verity Credit Union Awared $2.4 Million in CDFI Equitable Recovery Program Grant
Verity Credit Union, an $859 million asset financial institution in Seattle that focuses on socially-responsible, community-rooted banking, announced today it was awarded a more than $2.4 million grant through the Equitable Recovery Program (ERP), established to support low- or moderate-income communities disproportionately impacted by the COVID-19 pandemic
Verity joins other Community Development Financial Institutions (CDFI) nationwide in their commitment to partner with communities to develop and provide credit and financial products and services to underserved communities. Aligned with its efforts throughout the pandemic and during recovery, Verity will utilize the grant to respond to the needs of its members and member businesses, expanding its lending, grant-making and investment activities, as well as continue to build on its mission to enhance members’ lives by building trusted relationships and vibrant communities as an organization.
“During the most difficult times, our members relied on us to keep their homes, manage medical bills and keep their businesses alive. Receiving this grant is a tremendous honor, allowing us to further our mission to support them and our underserved communities, especially those individuals and businesses not served by other financial institutions,” said Tonita Webb, CEO of Verity Credit Union. “I’m incredibly proud of the hard work our team puts in to actualize our commitment, and the unwavering efforts to drive financial inclusion and community empowerment. We’re thrilled to have the opportunity to use these funds to further shepherd the financial prosperity of those that need it most.”