Grants and other awards from the Treasury Department are essential for Community Development Financial Institution credit unions to serve their communities. Those credit unions are using CUNA’s Member Activation Program to tell their CDFI stories.
With just over 2 weeks remaining until government funding expires, the Federation of Community Developing Credit Unions is pushing for full funding of the CDFI Fund by highlighting positive things accomplished with CDFI funds.
Seventy-one members of Congress wrote to House appropriations leaders this week requesting the CDFI Fund receive its full $250 million in fiscal year 2017. CUNA sent its own letters to House and Senate appropriators this week, calling for full funding.
The NCUA released a supervisory letter Tuesday establishing a framework for examination and supervision of certified Community Development Financial Institutions. The letter contains guidance that applies to all CDFI-certified credit unions, including what examiners will look for.
The Louisiana Credit Union League has announced a partnership with CU Strategic Planning that will help credit unions in the state achieve certification as Community Development Financial Institutions.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.