Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
New CDFI guidance for certification requests
WASHINGTON (9/23/08)—For credit unions and other financial institutions considering certification under the U.S. Treasury Department’s Community Development Financial Institution (CDFI) program, there is new guidance on how to apply, and also how to amend, certification. The CDFI Fund was created in 1994 to make capital grants, equity investment, and awards for technical assistance to CDFIs. One of the new guidance documents is designed in a frequently asked-questions (FAQ) format. It offers 18 questions and answers in six categories ranging from “general” to “recertification” to “contacting CDFI” program staff. The second document, on "Designating a Target Market In my CDFI Fund," provides guidance on defining an institution’s “target market” in the CDFI application and can also be useful for a CDFI needing to its target market. A CDFI release said this revised guide provides “clearer instructions on the step-by-step guidance for designating and submitting the Target Market Maps that are a part of a new CDFI Certification Application or a request from a certified CDFI to modify its certified Target Market.” Use the resource links below for more CDFI information.
Other Resources

RSS





print
News Now LiveWire
About 1 in 5 #CUs offer credit-building loans,@SchenkMike @CUNA vice president of economics and statistics, told @CreditCardsCom
12 hours ago
RT @CUNA: DDoS attacks shorter, intense, more expensive: @VERISIGN HT @newsnowlivewire http://t.co/QiQKIEjK5v
12 hours ago
RT @CUNA: .@CUNACouncils launches new website. Offering site tours to current members. Check it out! http://t.co/YFJA1tKIxn
13 hours ago
.@Discover to support #ApplePay by fall http://t.co/3wDjkOVU7P HT @Forbes
14 hours ago
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale http://t.co/WYzQrTL3QA
17 hours ago