cdfi - America's Credit Unions

CDFI Fund, CISA leaders stress need for continued advocacy, collaboration

News / September 12, 2024 / caucus, cdfi, cybersecurity / 2 minutes of reading

The Treasury’s Community Development Financial Institutions (CDFI) Fund has seen an “unprecedented increase” in CDFI-certified credit unions, CDFI Fund Director Pravina Raghavan told Caucus attendees Wednesday, a trend she would like to see continue. The CDFI Fund makes capital grants, equity investments, and awards for technical assistance to CDFIs. “Since December 2020 we’ve seen almost …

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House Financial Services Committee passes CDFI transparency bill

News / May 17, 2024 / cdfi / 1 minute of reading

The House Financial Services Committee passed the America’s Credit Unions-supported CDFI Fund Transparency Act (H.R. 3161) Thursday by a voice vote. The bipartisan bill would require Congressional testimony on the Treasury’s Community Development Financial Institutions (CDFI) Fund’s operations and activities. “Increased transparency into the CDFI Fund would ensure all entities – both the government and …

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CDFI transparency bill will ensure fund continues to fulfill mission

News / May 16, 2024 / cdfi / 2 minutes of reading

America’s Credit Unions President/CEO Jim Nussle wrote in strong support of the Community Development Financial Institution (CDFI) Fund Transparency Act (H.R. 3161) prior to its scheduled markup by the House Financial Services Committee. The bipartisan bill would require Congressional testimony on the Treasury’s CDFI Fund’s operations and activities, and was introduced by Reps. John Rose, …

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This week: Congress preps bills with credit union impact

News / May 13, 2024 / cdfi, crypto / 2 minutes of reading

This week, America’s Credit Unions will be engaged as Congress works on several bills that could impact the credit union industry. Of note, the House Financial Services Committee is expected to hold a markup Thursday that will likely include a credit union-supported bill to improve Community Development Financial Institution (CDFI) Fund transparency. America’s Credit Unions …

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FHFA to host June 20 FHLBank, CDFI Symposium

News / April 17, 2024 / cdfi / 1 minute of reading

The Federal Housing Finance Agency (FHFA) will host a Federal Home Loan Bank (FHLBank) and Community Development Financial Institution (CDFI) Symposium in Washington, D.C., on June 20. The symposium follows a recommendation in FHFA’s FHLBank report released in November, which calls for increased FHLBank engagement with mission-oriented members. It will feature representatives from both CDFIs …

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CDFI Fund to conduct webinar on Title VI compliance worksheet

News / March 19, 2024 / cdfi / 1 minute of reading

The Treasury’s Community Development Financial Institutions (CDFI) Fund and Office of Civil Rights and Equal Employment Opportunity (OCRE) will conduct a live webinar to assist organizations in understanding the requirements of the CDFI Fund’s Title VI Compliance Worksheet. Registration is now open for the webinar, scheduled for March 21 at 10 a.m. Eastern. Specifically, it …

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Nussle: Credit unions look forward to working alongside new CDFI Fund director

News / March 18, 2024 / cdfi / 2 minutes of reading

America’s Credit Unions President/CEO Jim Nussle congratulated new Community Development Financial Institutions (CDFI) Fund Director Pravina Raghavan, adding that credit unions look forward to working with the fund toward their shared goal of supporting underserved communities. There are more than 500 certified CDFI credit unions, representing more than 35% of CDFIs nationwide but originating 77.1% …

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Reminder: Register to attend NCUA, CDFI webinar

News / February 28, 2024 / cdfi, ncua / 1 minute of reading

The NCUA and Community Development Financial Institution (CDFI) Fund will host a free webinar tomorrow to provide credit unions with information about the CDFI certification process. Registration for the event is still available. During the webinar, staff from the NCUA and CDFI Fund will discuss the requirements of the revised CDFI Certification Application, including …

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Rep. Nunn praises credit unions, announces CDFI Fund oversight bill

News / February 13, 2024 / cdfi / 3 minutes of reading

Credit unions were front and center as Rep. Zach Nunn, R-Iowa, announced on Monday that he plans to introduce the Rural Credit Access Act (H.R. 7338) to increase accountability and transparency in the Treasury’s Community Development Financial Institutions (CDFI) Fund with Rep. Don Davis, D-N.C. Nunn made Monday’s announcement at Veridian Credit Union’s Des Moines …

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NCUA, CDFI Fund to co-host webinar on Certification Application

News / February 9, 2024 / cdfi, ncua / 1 minute of reading

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 …

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