CDFIs

Seeking to expand financial services access, tribal officials and some firms want regulators to award Community Reinvestment Act credit to any bank that funds projects in Native American communities.

CDCUs provide essential financial services in underserved communities but these institutions can struggle to keep up with compliance and technology demands.

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

It's admirable that the National Credit Union Administration wants to make opening a de novo easier but organizers will still face challenges in raising the necessary funds to launch a new credit union.

Montgomery County Employees Federal Credit Union is now operating as SkyPoint Federal Credit Union.

About 100 financial institutions are owned by or work with Native Americans, yet traditional banking services remain out of reach for many in this demographic.

A new outreach effort will target parts of New York City to help boost membership at several African-American credit unions.

Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.

Robust public discussion from a diverse array of stakeholders has informed regulators working to reform the Community Reinvestment Act, but it has also included some misleading claims, writes a top OCC official.

The bank will fund community development financial institutions that lend to women-owned businesses backed by the fashion designer's foundation.

Now the third-longest shutdown in history, there are few signs the government will reopen anytime soon, and that's causing problems for lenders.

As Congress moves closer to its Dec. 21 deadline to keep the government funded, the outlook for more financial services regulatory relief continues to worsen.

Recent comments from the chairman of the National Credit Union Administration signal the agency may soon take a lighter touch with small institution

Inclusiv's annual conference in Florida focused on the rocky road ahead for small credit unions – and how to ease the way forward.

From branch networks to technology and cybersecurity concerns, there's plenty to keep leaders of CDFIs and small CUs awake at night.

Now known as Inclusiv, the name change also brings several high-profile programs under one umbrella.

Credit unions based on the island made history receiving CDFI grants for the first time ever, but larger issues tied to population decline remain.

In addition to CUs across the continental United States receiving grants, Puerto Rico's cooperativas de ahorro y credito were included for the first time.

Some of these states may surprise you.

There are more credit unions in the Community Development Financial Institution Fund program than banks, but advocates are pressing for even greater involvement.