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Worth noting in business: AltaOne lands Kern's first CDFI certification

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AltaOne Federal Credit Union has 13 branches.

AltaOne Federal Credit Union has been certified by the U.S. Department of the Treasury as the first community development financial institution headquartered in Kern County.

The Ridgecrest-based financial institution announced the certification Wednesday, saying the designation will allow it to receive grants from the federal Community Development Financial Institutions Fund, which received $214.5 million from Congress this fiscal year. There are fewer than 150 CDFIs in California.