WASHINGTON (9/29/14)--A webinar about the performance, profiles and prospects of Community Financial Development Institution (CDFI) credit unions will be hosted Oct. 22 by the National Federation of Community Development Credit Unions.
Credit unions represented 177 out of 811 active CDFIs at the end of 2013. In August, 21 CDFI credit unions received more than $27 million in financial and technical assistance grants. Since its inception in 1994, the CDFI Fund has awarded nearly $190 million in grants to credit unions.
The webinar will present the findings from recent research on the performance of CDFI credit unions by Kristle Cortes of the Federal Reserve Bank of Cleveland. Terry Ratigan, a consultant with CU Breakthrough, the federation's consulting arm, will present results of his recent research, published by the federation and the Credit Union National Association. The research finds that CDFI credit unions hold significant leads over their peers in product delivery, member services and community development.
The webinar also will include information on how CDFI certification can help credit unions leverage funding, grow membership and loans, and translate funding into innovative technical solutions, as well as provide information on eligibility and applications for certification and funding from the CDFI Fund.
The webinar is free, although registration is required, and will take place from 2 to 3 p.m. (ET) Oct. 22.
Use the resource link below for registration and to access more information.