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Valley First Credit Union, located in Modesto, Calif., received the designation as a Community Development Financial Institution (CDFI) last week and local officials said they believe this will help the local economy by providing its citizens with financial services to meet the needs of the economically disadvantaged.

“We’re proud and excited to earn this designation on behalf of our communities and the people in them,” Valley First Credit Union President/CEO Kathryn Davis said. “Our mission has always been focused on ensuring we can serve the most people in our communities, and this designation and focus on the underserved groups will take that to a new level.”

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Michael Ogden

Editor-in-Chief for CU Times.

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