The majority of community development financial institutions in the U.S. should be credit unions. And, the entire credit union industry and its members would benefit if they were.

That was the vision that energized advocates as they helped credit unions make their way down the sometimes frustrating path toward being recognized as CDFIs by the U.S. Treasury's Community Development Financial Institutions fund.

If more credit unions were CDFIs, the advocates reasoned, a greater share of CDFI funds would go to credit unions, further advancing their efforts to broaden member service.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.