Inclusiv and the Clinton Foundation present this infographic on CDFIs and the crucial work that these financial institutions do to build stronger, more inclusive economies.
Inclusiv is pleased to share with you the work we are doing with our members and within the credit union industry to increase the numbers of CDFI-certified credit unions. Federal funding was made available to CDFIs in recognition that people and communities were consistently being left behind in economic advancements due to systemic discrimination and then, in 2020, the coronavirus pandemic.
Community development credit unions have filled this space to assist people who are low-income and traditionally unbanked or underbanked. CDFI-certified credit unions are the nation's first responders during a financial crisis; waive fees and offer loan forbearance; and provide emergency and bridge funding to consumers and small businesses. As CDFIs, credit unions can take advantage of stimulus grants so that they may offer more products and better serve their members. Inclusiv seeks to increase the shares of CDFI funding that credit unions receive.
Inclusiv is the CDFI authority in the credit union industry. We were instrumental in establishing the CDFI Fund in 1994, have a permanent seat on the board of the national CDFI coalition, and our members represent the majority of CDFI-certified credit unions. Inclusiv advocates for policies
that strengthen and direct resources to our members and the communities they serve.
For more about Inclusiv's work with CDFIs, click here
. Inclusiv and CUNA Mutual Group hold free CDFI office hours every Wednesday at 3 PM EST; register here
. To learn more about stimulus programs, click here