In Syracuse’s depressed economy, CDFIs have been a lifeline for aiding some of the most financially challenged residents and businesses. My credit union has leveraged CDFI funds to lift many households out of poverty, and we need this to continue.
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.
In Syracuse’s depressed economy, CDFIs have been a lifeline for aiding some of the most financially challenged residents and businesses. My credit union has leveraged CDFI funds to lift many households out of poverty, and we need this to continue.
CDFIs benefit communities like Syracuse, which have experienced economic decline due to the withdrawal of large employers (like Carrier, GE, etc.) but are also seeing revitalization.
Our local CDFI has been essential to supporting our organization, our members and so many people in our community who have struggled to access capital and financial services. They understand how to work with our communities and have assisted so many first time home-buyers and new businesses in getting on track and being financially stable. For many of our members this is where they’ve opened their first bank account and learned how to manage their finances.
CDFIs do vital work to support individuals and small businesses in our communities. Please make sure this funding continues!