The U.S. Treasury Department’s Community Development Financial Institutions Fund designates organizations that provide financial services to low-income communities and to people who lack access to financing and that meet certain criteria as Community Development Financial Institutions.
Credit unions certified as CDFIs are eligible to apply for awards through a variety of competitive programs administered by the CDFI Fund. There is no better time to become CDFI Certified with resources from CUNA Mutual Group and Inclusiv.
Don’t miss out on funds that can help your members and your community recover from the economic impacts of the pandemic
Would You Like to be a CDFI? There is no better time to become CDFI Certified
Already CDFI Certified?
The CDFI Fund Rapid Response Program (RRP) has $1.25 billion in funds to award to CDFIs to deliver immediate assistance in communities impacted by the COVID-19 pandemic through a streamlined application and review process. The Financial Assistance (FA) and Technical Assistance (TA) grants have $188 million in funds to award to CDFIs to build financial capacity.
If your credit union is CDFI certified and interested in applying for RRP, FA, or TA grants, there are some key deadlines to keep in mind.
CUNA Mutual Group and Inclusiv Resources
The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information.