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New Partnership Formed to Help Credit Unions Tap $12 Billion in New CDFI Funds

Inclusiv and NYCUA to provide training, guidance and assistance to increase participation in CDFI, MDI and low-income programs.

New York State on map Source: Shutterstock.

Inclusiv and the New York Credit Union Association announced Wednesday they have formalized a new partnership to raise awareness about the benefits of credit unions becoming certified Community Development Financial Institutions and Minority Depository Institutions.

The partnership came after Congress last year passed its economic stimulus bill, which included an historic set-aside of $12 billion for CDFIs. Both Inclusiv and the NYCUA strongly supported the appropriations measure and advocated for its passage.

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