WASHINGTON (9/11/14)--Community financial development institutions (CDFIs) looking to extend their reach into underserved areas can now participate in a new training and technical assistance series. The U.S. Treasury's CDFI Fund announced Monday that a new series, called "Expanding CDFI Coverage in Underserved Areas," will launch later this year.
The series will be presented by Opportunity Finance Network, a national network of CDFIs. It will focus on CDFIs wishing to expand their reach into communities that currently lack a CDFI presence.
According to the most recent annual report, credit unions represented 177 of the 811 CDFIs active at the end of 2013.
"By expanding the ability of CDFIs to have impact in areas currently lacking adequate financial services and lending opportunities, this training series will directly align with the CDFI Fund's primary mission to increase economic opportunity and promote community development investments for underserved populations," said Dennis Nolan, acting director of the CDFI Fund.
The training component of the series will provide capacity building workshops structured to a CDFI's organizational development status.
The CDFI Fund announced in April a series of webinars designed to help CDFIs build the capacity needed to meet needs in their communities. The final webinar, "CDFI Minority Depository Institution Marking To Customers" will be held Sept. 24, starting at 2 p.m. (ET).
The webinar will highlight data analytics that CDFI minority depository institutions can use to better understand members. It also will address strategies to help improve marketing to customers through the use of social media, community partnerships and mobile branches.
The Treasury defines CDFIs as mission-driven financial institutions that provide financial services and products to meet the needs of economically disadvantaged individuals within underserved communities. Use the resource links below for more information.