To build communities by providing financial support to under-served entrepreneurs who have been denied financial assistance by other financial institutions.
To build communities by providing financial support to under-served entrepreneurs who have been denied financial assistance by other financial institutions.
In Syracuse’s depressed economy, CDFIs have been a lifeline for aiding some of the most financially challenged residents and businesses. My credit union has leveraged CDFI funds to lift many households out of poverty, and we need this to continue.
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.