Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CDFI certification info sessions start this week
WASHINGTON (4/14/09)—Credit unions interested in Community Development Financial Institution (CDFI) certification should note the U.S. Treasury Department will be conducting a series of conference calls on the subject. The information sessions, starting this week, are intended to provide a forum for credit unions and other potential CDFI applicants to ask questions directly of CDFI Fund staff about becoming certified. The Treasury Department's CDFI Fund helps locally based financial institutions offer small business, consumer and home loans in communities and populations that lack access to affordable credit. CDFIs are financial intermediaries such as certain credit unions, banks, loan funds, venture capital funds, corporation-based lenders and microenterprise development loan funds. To become certified, Treasury says an organization must: be a legal entity, have an eligible primary mission, be a financing entity, serve an eligible target market, be accountable to the target market, provide corresponding development services, and not be controlled by a government entity. Among other benefits, CDFI certification allows participants to apply for financial assistance through the CDFI Program. The 60-minute information sessions are scheduled for:
* April 16 at 2 p.m. EST; * May 21, 2 p.m. EST; * June 18, 2 p.m. EST; and * July 16, 2 p.m. EST.
To access any of the conference calls, participants must call (202) 927-2255 and enter in the pin number 315646. No prior registration is necessary. The phone number and pin number are the same for all of the conference calls. Use the resource link below for more information about CDFI certification eligibility and the application process.
Other Resources

RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
10 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
12 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
13 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
13 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
13 hours ago