CDFIs are valuable because of their interaction with communities and flexible products and services. They can do things midsize and large banks can’t do.
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 valuable because of their interaction with communities and flexible products and services. They can do things midsize and large banks can’t do.
CDFIs help community-focused organizations access capital for traditionally underserved communities.
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.
CDFIs provide extraordinary support to many people who otherwise would not be able to access ordinary banking and credit opportunities. They are frequently located in banking deserts”