Congress has passed a bill to extend government funding through May 5, keeping the government open for 1 week while it tries to pass a long-term measure. CUNA is continuing its advocacy efforts for full funding of the Community Development Institutions (CDFI) Fund in appropriations legislation during the next week.
Certified CDFIs can apply for grants and other awards through the Treasury’s CDFI Fund. The fund was zeroed out for the remainder of this fiscal year (and for the next fiscal year) in President Donald Trump’s budget.
CUNA has written to congressional appropriators and issued an action alert to push for CDFI funding, while multiple credit unions have used CUNA’s Member Activation Program (MAP) to activate members and employees to push for funding as well.
So far, CUNA’s efforts have resulted in more than 2,700 messages sent to Capitol Hill in support for CDFI funding.
As of March 31, credit unions make up 297 of 1,094 certified CDFIs nationwide.