Congressman Steve Cohen (TN-09) today announced that the Orion Federal Credit Union, a non-profit community development financial institution (CDFI), will receive $105 million from the U.S. Treasury Department’s Emergency Capital Investment Program. The credit union will also receive $213,497 from Treasury’s CDFI Fund Small Dollar Loan Program.
Congressman Cohen made the following statement:
“These infusions of capital will bolster the local economy, create good-paying jobs and expand Memphians’ access to affordable credit and banking. I am pleased to see the Treasury Department investing these resources in Memphis.”
Original source can be found here.
