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NCUA Board Chairman Debbie Matz and Acting Assistant Treasury Secretary for Financial Institutions Amias Gerety sign the MOU at NCUA headquarters.

The NCUA and the U.S. Treasury Department’s Community Development Financial Institutions Fund signed an agreement Thursday that will streamline the application process for low-income credit unions to become certified as community development financial institutions. 

Credit unions that obtain CDFI certification can access training and competitive award programs provided by the CDFI Fund, and the resources can aid their capacity to provide underserved communities with access to safe and affordable financial services. 

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