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.
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 credit union has been a certified institution since 2017 if not for the [CDFI] program we could not lend to individuals that have a problem getting funding if this program is not funded many citizens who are in financially weakest position the most.
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.