CDFI Impact
Inclusiv’s CDFI Impact team provides invaluable guidance on Community Development Financial Institutions (CDFI) Fund programs and resources. We provide expertise and guidance in navigating the many programs, obligations, and updates related to CDFI Fund with the goal of promoting access for all eligible credit unions, especially those of modest capacity serving highly impacted communities. With precision and clarity, we break down and explain the complexities of CDFI eligibility and compliance, ensuring that well-qualified credit unions can access the financial resources that can help their communities thrive.
Inclusiv serves as a trusted CDFI resource for our members and offers the following services as part of our CDFI Impact work:
- Our Financial Inclusion Data Analytics Platform (FIDAP) helps CDFI and aspiring CDFI credit unions conduct real-time Target Market lending analyses and supports key compliance reporting.
- Our weekly CDFI Office Hours foster collaboration among CDFIs and facilitate the flow of knowledge, technology and resources.
- Our team also provides technical assistance to our members.
Why Become a CDFI?
Becoming a CDFI credit union positions your institution as a catalyst for positive change in underserved communities. CDFI certification opens doors to valuable financial resources, including access to grants, low-interest loans, and specialized funding designed to enhance community development efforts. This support enables community development credit unions to offer more affordable financial products, expand services, and reach more people in economically disadvantaged and historically underserved areas.
Additionally, CDFI status enhances a credit union’s credibility and reputation, demonstrating a strong commitment to social impact and financial inclusion.
The CDFI designation helps credit unions play a pivotal role in economic empowerment, from supporting small businesses to providing affordable housing solutions. Ultimately, becoming a CDFI credit union is a strategic move that aligns financial sustainability with a powerful social mission.