Mike Barr focuses on community development initiatives.

CUNA provided technical recommendations Friday on the Community Development Financial Institutions Fund’s Certification Application and Certification Agreement. The CDFI Fund has paused applications while it finalized a new Certification Application.

Louisiana credit union improves couple’s financial well-being on new PBS show.

United Credit Union’s payday loan alternative empowers credit-disadvantaged members.

CUNA wrote House Ways and Means Committee leadership with several recommendations for the Treasury’s Community Development Financial Institutions Fund for its hearing Thursday on the administration’s FY24 budget proposal.

The Treasury’s Community Development Financial Institutions (CDFI) Fund announced Tuesday it will delay proposed changes to its certification application to carefully review all public comments. This comes after CUNA, Leagues, credit unions, and joint trades engaged with the Fund and Congress with serious concerns.

CUNA and other organizations met with House Financial Services and Senate Banking, Housing, and Urban Affairs leadership staff Tuesday to discuss proposed changes to the Community Financial Development Institution (CDFI) Fund certification application.

CUNA and other organizations wrote to Congressional committee leadership Tuesday with requesting a meeting regarding serious concerns over the proposed new Community Development Financial Institution certification application.

CUNA has several concerns with the Treasury’s Community Development Financial Institutions (CDFI) Fund’s proposed Target Market Assessment Methodologies, particularly some that are likely violations of the Equal Credit Opportunity Act and Regulation B.