CDFIs provide extraordinary support to many people who otherwise would not be able to access ordinary banking and credit opportunities. They are frequently located in banking deserts”
CDFIs provide extraordinary support to many people who otherwise would not be able to access ordinary banking and credit opportunities. They are frequently located in banking deserts”
We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.
The CDFI Fund helps us at Cooperative Federal provide programs for home ownership, small business, consumer credit and financial education for our community, which helps to strengthen the local economy through giving the public access to said services. During a time of high inflation and economic unease, it is more crucial than ever that we continue to be enabled to provide this aid. While I work for Cooperative Federal itself, I have also been a member for several years prior and their free financial education helped me directly to improve my financial situation. Without these programs, people who are already struggling and often cannot afford out of pocket financial education/counseling have nowhere to turn. If we as a country want to achieve greatness, we need to be serving the American people, not stripping them of their ability to raise themselves up!