CDFI Certification Provides Pathways to Better Serving Members, Communities

Read the Latest Issue of “The NCUA Report” Online

ALEXANDRIA, Va. (Jan. 17, 2017) – The Community Development Financial Institutions Fund can be a critical funding source for credit unions operating in low- to moderate-income communities, helping to increase access to affordable financial services. Until recently, the process of becoming CDFI-certified could be time consuming and difficult. That’s no longer the case for certain credit unions.

In the latest issue of The NCUA Report newsletter, an article by NCUA’s Office of Small Credit Union Initiatives discusses the new, streamlined application process NCUA and the CDFI Fund have created for qualifying low-income credit unions, and how this process can help more credit unions become CDFI certified.

The January 2017 issue of the newsletter is available online here.

This month’s newsletter features columns from NCUA Board Chairman Rick Metsger and Board Member J. Mark McWatters, as well as articles from several NCUA offices on the agency’s initiatives and information on regulatory, supervisory and compliance issues at federally insured credit unions.

Articles in this month’s issue include:

• Future Stabilization Fund Rebates Possible, but Market and Law Decide When
• Chairman’s Corner: And Now for Something Different…
• Board Member McWatters’ Perspective: Need for Regulatory Relief Remains Unchanged
• Board Actions: Modernized Occupancy Rule Provides Regulatory Relief
• Recent Guidance Can Help Your Credit Union Implement New Member Business Lending Rule
• Increased Uncertainty on Policy, Rates Will Shape the Economic Outlook in 2017 and Beyond
• Save the Date for NCUA’s Upcoming Webinars

Published monthly, The NCUA Report is NCUA’s flagship publication. The newsletter highlights recent Board activity and important information that credit union managers, staff and volunteers need to know. If interested, you can subscribe to the online version of the newsletter here. Previous issues of The NCUA Report are available online here.