Find out how to access the single most important source of external funding for credit unions

on "January 05, 2021 10:25 am"

In the January 5, 2021 issue of Hawaii Business Magazine, Hawaii FCU and Hawaii Central FCU explain how CDFI certification gives them access to additional funding and resources to further assist members.

The CDFI Certification provided by the US Treasury Department is another valuable building block that provides access to funding opportunities.

Your credit union has the perfect opportunity to discover how the CDFI Fund has become the single most important source of external funding for credit unions. Sign up now for this free CUNA webinar hosted by your League.

Exploring the building blocks of community finance 
January 12, 2021
Hosted by Hawaii Credit Union League 

Featuring Pablo DeFilippi & Terry Ratigan

Register here

SmallCu20 LeagueSystemWebinar CP 1Session description: 2020 has exposed the ugly truth of a financial system that doesn't work for everyone. More than ever, mission driven credit unions play a critical role providing asset building opportunities and helping strengthen rural and minority communities that have been disproportionally impacted by the pandemic and economic slowdown. Over the last 20 years, a number of tools have become available to credit unions serving financially underserved populations. NCUA's low income designation provides a valuable regulatory framework that allows among other benefits, raise secondary capital to help them grow and manage risk; the Minority Depository designation, also given by NCUA will become increasingly important as the nation attempts to address systemic racism. The CDFI Certification provided by the US Treasury Department is another valuable building block that provides access to funding opportunities. In fact, the CDFI Fund has become the single most important source of external funding for credit unions. Since its inception 25 years ago, it has provided over $400 million in technical and financial assistance grants. Together, these credentials provide a formidable set of tools that can be effectively leveraged to amplify your credit union impact on your community and do well by doing good.