The U.S. Treasury Department's Community Development Financial Institutions Fund has certified the $5.8 billion Suncoast Credit Union as a CDFI.
The largest CDFI in the country is now a credit union.
Effort aims to highlight the early days and creation of community development financial institutions.
The proposed annual report requires data that could be gained from existing call reports.
Loan funds win the majority of community development grant monies, not credit unions.
The $365M Baltimore credit union joins 176 other credit unions nationwide that are CDFIs.
Florida's largest credit union now carries the low income designation
The story of how mergers increased a credit union's member value proposition.
This Opinion piece urges low-income credit unions to apply for NCUA funding and CDFI certification.
For the first time, NCUA will make money available to low-income credit unions applying for Community Development Financial Institution status from Treasury's CDFI Fund. The approval process can be lengthy.