We strongly support continued investment in CDFIs because they empower local economies, create pathways to homeownership and entrepreneurship, and help communities thrive. By ensuring the sustainability and growth of CDFIs, we can continue our mission to help members bank with dignity and build a stronger financial future for all.
We are a Native CDFI serving the Eastern Band of Cherokee Indians in western NC. Our work here is critical to supporting new business creation, small business growth, job creation and retention, and housing security for tribal members who have historically endured economic hardship and lack of adequate banking and capital resources. Not to be lumped in with the myriad ways government-funded projects and organizations waste tax dollars, our industry has proven itself a superior investment for the U.S. taxpayers and is one our elected officials should be proud to support.
Native CDFIs are crucial to provide the financing, investment and literacy services to improve economic and social conditions in Native communities where inadequate or non-existent mainstream financial services are commonplace. We are seeing the positive impacts of Native CDFIs across Alaska and Indian country through increased homeownership, profitable Native-owned small businesses and community improvement projects. Supporting Native CDFIs will build stronger, more resilient communities and better the economy for the nation.