Free webinar to explain CDFI certification process and how to access grants

on "August 18, 2021 9:14 am"

Since most credit unions in Hawaii are Minority Depository Institution (MDI) designated, or MDI eligible, they are uniquely positioned to apply for those resources BUT to do so, they need to obtain their CDFI certification.

The Value of CDFI Certification for Hawaii CUs
Tuesday, September 28, 2021
9:00 a.m. – 10:30 a.m.  HST

Registration deadline is September 17, 2021 

 Register in advance for this meeting

This session is available to member credit unions at no charge.

Inclusiv, the financial inclusion and community development authority for the credit union industry invites you to learn more about the benefits of obtaining the CDFI certification. This is a historic moment for credit unions in general but, for those that serve minority populations and financially underserved communities. Included in the economic stimulus bill passed in December, there is an unprecedented level of resources available, of which at least $1.2 billion have been set aside for a soon-to-be-announced “Minority Lender Program” that we expect the CDFI Fund to launch earlier next year.

Since most credit unions in Hawaii are Minority Depository Institution (MDI) designated, or MDI eligible, they are uniquely positioned to apply for those resources BUT to do so, they need to obtain their CDFI certification. Join us to learn more about how to become CDFI certified and tap into these programs. This presentation will provide specific details to the following points:

  • Industry Overview: growth and historic opportunity
  • Process to obtain the CDFI certification
  • The Minority Lender Program - what we know
  • How we can help: Inclusiv CDFI expertise and competency

Presented by:

DeFilippiPablo DeFilippi is Senior Vice President of Membership and Network Engagement. He leads Inclusiv’s membership development and engagement strategies and manages Inclusiv/Network, a network of community development finance practitioners that provide valuable consulting services to community development credit unions. Pablo has more than 20 years of experience in community finance, working with regulated financial institutions both in the domestic and international arena.

 

 

 

final terry ratiganTerry Ratigan is Senior Consultant and is a leading analyst of credit union performance and impact in low-income and underserved communities. In 2010 he developed a statistical methodology to evaluate credit union activities in CDFI Target Markets and eligibility for CDFI certification that has been used for hundreds of credit union certifications to date. An adapted version of this methodology served as the basis for the 2011 revision of the NCUA Final Rule on Low-Income Designation and CDFI Fund guidance on target market analysis.