Credit unions in Florida may be able to obtain certification as community development financial institutions thanks to funding from the $6 billion Suncoast Credit Union and the efforts of the National Federation of Community Development Credit Unions.
Clifford Rosenthal, the former CEO of the National Federation of Community Development Credit Unions, has started gathering information about the creation and early days of community development financial institutions.
Grant applications from credit unions that are recognized as community development financial institutions to the U.S. Treasury's CDFI Fund may face stiff competition, the fund's data suggested.
Community development credit unions may receive less money on a per credit union basis from the U.S. Treasury's
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.
Community development credit unions plan to pay close attention to the Obama administration's stated intention to freeze much of the federal budget.