MECU of Bal­ti­more re­ceives $2 mil­lion grant

Baltimore Sun - - VARSITY - —Sarah Gantz

The Mu­nic­i­pal Em­ploy­ees Credit Union of Bal­ti­more re­ceived a $2 mil­lion U.S. Trea­sury Depart­ment grant to in­crease lend­ing and in­vest­ment in low-in­come ar­eas. The award, from Trea­sury’s Com­mu­nity De­vel­op­ment Fi­nan­cial In­sti­tu­tions Fund, will as­sist MECU’s ef­forts to im­prove fi­nan­cial sta­bil­ity and fi­nance ed­u­ca­tion in Bal­ti­more. MECU was one of 22 credit unions to re­ceive the award. Specif­i­cally, MECU plans to use the award to reach out to peo­ple who do not have bank ac­counts, to pro­mote as­set build­ing and to in­crease fund­ing for risk-based lend­ing.

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