CDFI Fund

The Community Development Financial Institutions (CDFI) Fund is a vital Treasury Department program that promotes economic growth in low-income communities across the country. Through the CDFI Fund, more than 1,000 local banks, credit unions, and loan funds can leverage federal dollars to provide loans and other financial services to small businesses and residents in economically distressed and underserved communities. Additionally, the CDFI Fund provides technical assistance to its member institutions so they can expand their offerings and improve their ability to serve their communities. In 2021 alone, CDFI Fund member institutions originated more than $38 billion in small business, micro-enterprise, mortgage, home improvement, and consumer loans.

America’s Credit Unions is continuously engaging with Congress and the administration to see that the CDFI Fund gets the funding it needs in the annual appropriations process and that funds are disbursed so CDFI-certified credit unions can receive the awards they depend on in order to provide affordable financial services to their communities. America’s Credit Unions also supports legislative efforts to increase transparency at the CDFI Fund and ensure Congress exercises real oversight of the Fund’s operations.

Utilize our Resource Library for handouts and briefing materials on this and other advocacy issues.