A Filene study found CDFI credit unions posted lower numbers in some categories than their counterparts did.

A new study found credit unions with the Community Development Financial Institution designation tend to generate less profit than those without. However, according to the study’s authors, a strong community development business model can produce not only robust profits, but also increased social returns.

Published by the Madison, Wis.-based Filene Research Institute, the study also highlighted what the authors, three executives from the Tacoma, Wash.-based consulting firm CU Strategic Planning, said was confusion inside and outside the credit union industry regarding the financial implications of community development efforts.

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Tina Orem


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