CUNA Mutual Group has released its Fall 2021 Report for credit unions. This timely report can be shared at chapter and credit union meetings. In addition, CUNA Mutual Group has announced new resources to help credit unions with their Community Development Financial Institution (CDFI) certification.
CDFI Certification Resources:
- Inclusiv/CUNA Mutual Group Office Hours: Need guidance on CDFI certification? Sign up for the Wednesday 3-4pm EST office hours where the Inclusiv staff will provide an overview of the program and answer questions pertaining to CDFI certification.
- In 2021, an unprecedented level of funding was allocated to CDFIs by the CDFI Fund and Treasury’s Emergency Capital Investment Program. The next round of CDFI funding ($1.75 billion) will be targeted specifically to MDIs; however, only 15% of minority-designated credit unions are CDFI certified. Inclusiv offers specific resources targeted to MDIs interested in becoming CDFI certified and accessing these federal grants. Every third Wednesday of the month, the office hour will be dedicated to MDIs (September 15, October 20, November 17).