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.
The strategy gap between mainstream and low-income credit unions no longer exists.
Loan funds win the majority of community development grant monies, not credit unions.
The majority this year's community development grants have funded mobile apps for underserved areas.
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.
Just more than 2,000 credit unions may be eligible for funding.
The National Federation of Community Development Credit Unions has started to build a shared back-office platform for CDCUs.
BALTIMORE — A $250,000 grant from Citibank will help build a shared platform for CDCUs to use to offer new products and services.
Federation will sponsor session for current and potential low income designated credit unions.