The gap between politicians that support funding the U.S. Treasury's Community Development Financial Institutions Fund and those who don't may have become the widest ever last week
The House Appropriations Committee has proposed cutting $197 million from the budget of the Community Development Financial Institutions Fund for this fiscal year.
Community development credit unions may receive less money on a per credit union basis from the U.S. Treasury's
The CDFI Coalition, a group of community development financial institutions that support the Treasury Department's CDFI Fund, is cautiously optimistic the program will survive the federal budget process without major cuts.
In the wake of a hearing before the House Committee on Financial Services last week, community development financial institutions, including some credit unions, are trying to build legislative support for their agenda.