Benefits to credit unions of becoming ‘community development financial institutions’ outlined in May 16 session

Benefits to a credit union being designated a community development financial institution (CDFI) will be explored in a May 16 webinar hosted by the federal regulator of the financial cooperatives.

The one-hour event, sponsored by the National Credit Union Administration’s (NCUA) office of credit union resources and expansion, includes key staff members from the office who deal with CDFI programs at the agency (including its revolving loan fund, minority depository institutions, and certification) as well as credit union executives.

The agency noted the webinar is the second of five it is presenting this year hosting by its resources and expansion office.

NCUA Webinar Will Explain Benefits of CDFI Certification