CDFIs

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.

Finance students at Marquette University will make loans to small businesses in Milwaukee from a revolving fund seeded by Town Bank and held on the books of a local CDFI.

Credit union trade groups are lauding the Senate's move to provide $250 million for the Treasury Department's Community Development Financial Institutions fund.

The Germantown, Md.-based credit union serves more than 14,000 members and holds about $130 million in assets.

Fair Financial, a digital banking platform developed by a Twin Cities nonprofit in partnership with a local bank, launched a pilot program this week. By 2020, it plans to serve 5,000 customers across the country.

Lawmakers should prioritize programs that improve economic development in underserved communities, as appropriators begin debating next year’s spending levels.

The retired CEO of 1st Choice Credit Union and CU of Atlanta has been named the 2018 recipient of the Pete Crear Lifetime Achievement Award from the African-American Credit Union Coalition.

Community Development Credit Unions grew outstanding loans by 13 percent in 2017, compared to 10 percent for non-CDFI-certified CUs.

For many borrowers, near-guaranteed approvals and faster turnaround times are more important than the lower rates offered by banks and credit unions.

Several credit union and bank groups have formed a rare united front in letters opposing the Trump administration's rescission package.

The Treasury's recommendations come as federal bank regulators have indicated they will soon release a proposal to reform Community Reinvestment Act policy.