FDIC-insured depository institutions seeking CRA credit opportunities may be eligible to apply for funding to further impact the distressed communities they serve. On March 31, 2023, the Department of ...

Lawmakers led by Veronica Escobar oppose cuts to the CDFI Fund, emphasizing its role in aiding underserved communities.

Sens. Mark R. Warner, D-Va. (left), and Mike Crapo, R-Idaho (right), reintroduced the Scaling Community Lenders Act on May 4 to help the Community Development Financial Institution Fund back pilot ...

The administration has found a back-door way to weaken programs it hasn’t eliminated outright. It’s a dangerous precedent.” ...

While loan funds accounted for the majority of ordained organizations, credit unions held more than 66% of all assets. Banks held roughly 26% and loan funds held 8%. The community development ...

GLENDALE, Calif., May 24, 2023 /PRNewswire/ -- California Credit Union announced today that it has been certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury ...

SAN DIEGO, May 24, 2023 /PRNewswire/ -- North Island Credit Union announced today that it is the first credit union in San Diego County to receive certification as a Community Development Financial ...

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