Treasury Department's Emergency Capital Investment Program

Logo for the CDFI program

On July 1, the U.S. Treasury Department extended the deadline for submitting an application for funding under the Emergency Capital Investment Program (ECIP).

Treasury plans to issue additional clarifications and amendments to the program and will provide an extension of time to submit applications of 14 days from the publication date of the forthcoming guidance.

Organizations that want to revise their already-submitted application should submit a request to ecip@treasury.gov. All other questions regarding this program should be directed to ecipinquiries@treasury.gov.

Congress created the ECIP as part of the Consolidated Appropriations Act of 2021 to help community-based financial institutions support consumers and local small businesses in low-income and underserved communities disproportionately affected by the economic effects of the COVID-19 pandemic.

A federally insured credit union must be certified as a Community Development Financial Institution (CDFI) or as a minority depository institution (MDI) to participate in the program.

To learn more, please visit the Emergency Capital Investment Program webpage.

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