CDFIs are filling in gaps in the capital markets that make financing more widely accessible and contribute to greater economic prosperity for all.
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.
CDFIs are filling in gaps in the capital markets that make financing more widely accessible and contribute to greater economic prosperity for all.
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!
CDFIs do vital work to support individuals and small businesses in our communities. Please make sure this funding continues!
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.