Credit unions interested in certification to become a Community Development Financial Institution (CDFI) can learn about the application process during a Feb. 29 webinar hosted by the NCUA and CDFI Fund.
Online registration for the webinar is now open. The hour-long webinar is scheduled to begin at 2 p.m. Eastern.
Staff from the NCUA and the CDFI Fund will discuss requirements of the revised CDFI Certification Application, including updates to the Application FAQs and new materials. The webinar will include a Q&A session.
Attendees are encouraged to review the CDFI Fund’s frequently asked questions about the certification process before the webinar.
The webinar will be closed captioned, and there is no charge to attend. This webinar will be archived on the NCUA’s Learning Management System.
The revised CDFI Certification Application reflects several changes CUNA and NAFCU—prior to merging into America’s Credit Unions—successfully advocated for.
These include 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.
The organization also reiterated its priorities for the CDFI Fund ahead of Treasury Secretary Janet Yellen’s congressional testimony this week.