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Letter to the Editor

Tips for Protecting Your Credit Union’s CDFI Funds

CU Strategic Planning responds to the CDFI Fund’s recall of $12 million in grants from OnPath FCU.

By Stacy Augustine | July 22, 2020 at 09:00 AM
Low-income residential community.

Although CU Strategic Planning did not write the grants in question, it is aware of details surrounding the case involving US Treasury’s move to recall $12 million in CDFI grant funds from OnPath FCU as reported in CU Times. CU Strategic Planning is currently managing grant reporting compliance for 43 credit unions related to 55 grants. As the leading provider of CDFI certification, grant writing and compliance services for the credit union industry, CU Strategic Planning’s ownership team feels compelled to speak out on behalf of our firm and in support of our clients.

CU Strategic Planning views this as an isolated case. Not-for-profit credit unions are motivated by values of social responsibility, placing people and community over profit. This case is not representative of the breadth of credit unions tirelessly working in community development.

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