I’ve been a member of a CDFI for 25 yrs and would never go back to a traditional bank, due to the good works that I’ve seen done by CDFI’s. I was also a board member for a few years at one, so I know the inner workings and understand the community missions they take on. My children and I have had a stable home for the past 18 years, partly due to the credit building assistance we received from a CDFI.
CDFIs help people with the big repairs, supporting jobs, and financing vehicles to get to work and shopping. These are all good for the economy as well for those individual families.
Our credit union has been a certified institution since 2017 if not for the [CDFI] program we could not lend to individuals that have a problem getting funding if this program is not funded many citizens who are in financially weakest position the most.