Want more state data? Check out CDFI Friendly America’s mobile-friendly CDFI Advocacy App for impacts from 2005-2023.
The shift in business models among banks and credit unions—along with ongoing consolidation and the retreat from rural markets—has left a growing number of entrepreneurs without access to traditional financing. In response, MoFi and other CDFIs have become critical entry points for future bank customers.
The CDFI Fund has made it possible for our credit union to put funding in the hands of Iowans of modest means who absolutely need it most.
CDFIs create impactful changes in communities and provide catalytic growth and changes which provide jobs, particularly in low and moderate in come areas.