CDFIs and Credit Unions help people of modest means when other FI’s do not. We are the last bastion of hope in banking for the little guy.
CDFIs and Credit Unions help people of modest means when other FI’s do not. We are the last bastion of hope in banking for the little guy.
The impact that CDFI credit unions can make in lower income areas by providing financial tools for the community raises the financial independence of individuals in that area and then lessens the amount of ongoing aid that needs to be provided by the government directly to those communities.
Our organization serves entrepreneurs and small businesses in Southeast Missouri. Located in the 8th Congressional District, the poorest district in the state, our customers rely on our program and the funding available through programs like the CDFI to get started and stay open. While not a CDFI yet we have plans to apply for TA and move forward for certification this year.