CDFI Fund webinar to cover application questions

The Community Development Financial Institutions (CDFI) Fund will conduct a webinar next week to help organizations understand the requirements of its revised CDFI Certification Application.

The webinar will start at 1:30 p.m. Eastern Jan. 31 and will discuss updates to the Application FAQs, review new materials, and allow participants to ask additional questions. Registration is not required to attend the webinar.

CUNA and NAFCU—prior to merging into America’s Credit Unions—successfully advocated for several positive changes in the revised application, including addressing concerns over credit union board members not being able to serve as sources of accountability to a target market or credit unions being inappropriately excluded from certification because they use balloon mortgages as tools to serve their members.

Current CDFI-certified credit unions have until Dec. 20 to apply for recertification under the new application.

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