Emilia Sykes (D-OH13)

Impact in the District

Between 2005 and 2023, there was $276.6 million in total lending from CDFI Fund award recipients, including $52 million in loans to businesses and entrepreneurs, $86.9 million in housing development and mortgage lending, $126.9 million in consumer lending, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Community Treatment and Corrections Center (OFN Story)
IFF Client Realizes 20-year Vision for Halfway House in Stark County, OH
Newsweek recognizes CSE Federal Credit Union
The Canton School Employees Federal Credit Union recently was named one of America's Best Regional Banks and Credit Unions by Newsweek.
Small Business Solutions: ECDI’s Quick Loan Product
Everyday across the state of Ohio, entrepreneurs in all stages of business growth and development are in need of funding. According to the Small Business Administration (SBA), 69 percent of small businesses utilized financing in 2016, while 31 percent were unable to secure necessary funding. For most small businesses, any influx of cash from an outside investor—or lack thereof—can make or break the business.
Western Reserve Community Fund: Small Business Lending
The Western Reserve Community Fund (WRCF) is a certified Community Development Financial Institution (CDFI). WRCF supports small business, affordable housing, and non-profit organizations with flexible, low-cost financing and technical assistance. As a CDFI certified by the U.S. Treasury, WRCF works to promote equity and expand economic opportunity for disadvantaged communities and businesses by providing financial products and services, striving to foster economic opportunity and revitalized neighborhoods. WRCF was created to help fill the regional gap in access to capital and provide support in disinvested areas, and is not a competitor with banks.
CDFIs with Branches in the District
Apex Fund for Economic Opportunities
Buckeye State Credit Union
Buckeye State Credit Union
Buckeye State Credit Union
Buckeye State Credit Union
Canton School Employees Federal Credit Union
Canton School Employees Federal Credit Union
Canton School Employees Federal Credit Union
Fort Randall Federal Credit Union
New Horizon Federal Credit Union
New Horizon Federal Credit Union
New Horizon Federal Credit Union
New Horizon Federal Credit Union
St. Joseph’s Federal Credit Union

Map of CDFI Branches and Stories in

Ohio Fact Sheet