CDFI Fund offering 3 workshops on expanding services to underserved
April 13, 2015
WASHINGTON (4/14/15)--Three workshops designed to provide assistance to certified and emerging Community Development Financial Institutions (CDFIs) have been announced by the U.S. Treasury's CDFI Fund.
The workshops are part of the fund's "Expanding CDFI Coverage in Underserved Areas" training series, and include content applicable to all types of CDFIs, including credit unions. As of March 31, credit unions make up 251 of 945 CDFIs nationwide.
"This workshop series will be a unique opportunity for CDFIs and emerging CDFIs to learn how to break into [underserved] markets to deliver responsible CDFI financial products and services," said CDFI Fund Director Annie Donovan.
The three workshops are:
"Forming New and Affiliated CDFI Entities," June 16-17, Baltimore branch of the Richmond Federal Reserve Bank, Baltimore. This workshop is designed for participants that are interested in forming a new CDFI loan fund or venture capital fund, and is relevant for existing CDFIs interested in forming new, legally affiliated CDFI entities within their existing organizational structure to serve new, underserved markets;
"Understanding the Benefits of CDFI Status for Newly Certified and Prospective CDFIs," July 22-23, Denver branch of the Kansas City Federal Reserve Bank, Denver. This workshop is geared toward newly certified CDFIs or existing community-based banks, credit unions, loan funds and venture capital funds that want a deeper understanding of the benefits and requirements of CDFI certification for their organization; and
"Expansion by Existing CDFIs," Aug. 19-20, Kansas City Federal Reserve Bank, Kansas City, Mo. This workshop is targeted at existing CDFI banks, credit unions and loan funds seeking to explore successful strategies for geographic and product expansion in underserved areas and areas of persistent poverty.
Each two-day workshop will be presented in partnership with Opportunity Finance Network and various subject matter experts. More information, including how to register, can be found on the CDFI Fund's website.