October 6, 2017 Stories and Data

October 6, 2017 Stories

CDFI Credit Unions Lower Interest Rates on Car Loans
BEARS, BOATS, AND BUSINESS DREAMS
Native CDFIs Fuel Small Business Success Across Indian Country
Native CDFIs Fuel Small Business Success Across Indian Country

October 6, 2017 Fact Sheet

CDFIs support the needs of small businesses and consumers in rural, suburban, and urban areas across the United States. The designation is key to legitimizing and elevating our work with banks and other leveraged investors who align with our industry to bring affordable capital to markets that need catalytic investments to sustain and grow small businesses. These businesses create jobs, provide goods and services, and pay taxes that build strong communities. We need to preserve and grow the CDFI Fund for all Americans.

-Patricia Parchmon, St. Louis Community Credit Union, St. Louis, MO

We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.

-Jill Hurst-Wahl, Hurst Associates, Ltd., Syracuse, NY

After coming from several years working in for-profit corporations into a CDFI, I’ve come to appreciate the real benefits CDFIs provide to communities at all levels. CDFIs provide consumer, commercial, mortgage loans, housing development, community facilities when needed, and more creative solutions.

-Julia Nelmark, Midwest Minnesota Community Development Corporation (MMCDC), Detroit Lakes, MN

Map of October 6, 2017 CDFI Branches and Stories