2019-11-05 Resources for Growth and CDFI Impact: BEA Deposits

Resources for Growth and CDFI Impact: New Webinar on Bank Enterprise Award Deposits

Inclusion is a successful growth strategy and CDFI credit unions continue to outpace the mainstream industry in their lending and other activities. How can your credit union manage growth, maximize impact, and opportunities to leverage its CDFI designation? The CDFI Fund’s Bank Enterprise Award (BEA) Program can be a resource for non-member deposits for CDFI credit unions serving distressed communities.

Learn more about Bank Enterprise Award Deposits and how your credit union can get involved this fall. The BEA Program helps to build businesses, create jobs, develop affordable housing, and promote homeownership in low-income communities throughout the country. Since its inception in 1994, the BEA Program has awarded grants totaling more than $447M. For the upcoming BEA round, banks are looking to place deposits in credit unions by year-end 2019.

This one-hour webinar covers:

  • An overview of the Bank Enterprise Awards Program
  • Understanding eligibility and reporting requirements
  • Insights from CDFI credit unions participating in the BEA Program
  • Upcoming opportunities to receive non-member deposits in 2019
  • Questions and answers

Anna Walker, Membership Director, Community Development Bankers Association/ Partners for the Common Good
Mia Sowell, Associate Program Manager of the BEA Program, CDFI Fund
David Fleites, Senior Policy and Program Officer of the New Markets Tax Credit and Bank Enterprise Award Programs, CDFI Fund
Christina Sauve, Incoming CEO of Cooperative Federal FCU
Ed Sivak, Executive Vice President, Hope CU

Total Files2
Size96.66 MB
Create DateNovember 5, 2019
Last UpdatedNovember 8, 2019

Resources for Growth and CDFI Impact BEA Deposits.pdf


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