February 19, 2025 — Valley First Credit Union has once again secured a significant grant from the Federal Home Loan Bank of San Francisco’s Affordable Housing and Economic Development (AHEAD) program, reinforcing its commitment to strengthening the Central Valley through economic empowerment.
The funding will support Valley First’s ongoing partnership with Stanislaus Equity Partners (STEP), a local nonprofit dedicated to expanding asset-building opportunities for underserved residents. STEP’s initiatives focus on affordable housing access and small business development, particularly for minority entrepreneurs.
This year’s grant will help fund STEP’s Micro-Business Development Center (MBDC), which provides technical assistance, capital access, and bilingual business education programs. Since its founding in 2021, STEP has helped over 50 small businesses secure funding and provided thousands of hours of support to entrepreneurs.
“At Valley First Credit Union, we believe in the power of partnerships to transform communities positively,” said Kathryn Davis, President and CEO. “This grant enables us to amplify our support for STEP’s essential programs, creating opportunities that empower individuals and uplift the region.”
With a longstanding mission to promote financial well-being, Valley First Credit Union continues to invest in community-driven initiatives that foster economic growth and stability across the Central Valley.
For more information, visit www.valleyfirstcu.org.