CDFIs are valuable because of their interaction with communities and flexible products and services. They can do things midsize and large banks can’t do.
Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.
CDFIs are valuable because of their interaction with communities and flexible products and services. They can do things midsize and large banks can’t do.
CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.
I have watched how CDFIs support small business owners and home owners where banks and credit unions could not. The amount banks charge is often above what people can pay, CDFIs that are nonprofits even the playing field for them by investing in the people and not company profits.
Since its inception, the CDFI Fund has been a staunch supporter of CDFIs like MEDA whose mission is focused on rebuilding and stabilizing some of the most impoverished and underserved communities across the country.