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What Does It Mean to Be a CDFI, and Why Do CDFIs Matter?
Manage episode 356543562 series 3036916
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Credit unions, by their nature, are community oriented, but some are more intentional about their commitment to impact. Community Development Financial Institutions, or CDFIs, are a perfect case in point. Credit unions now represent a third of the CDFI industry, serving more than 16 million predominantly low income consumers and communities of color.
Chriselle Martinez, CDFI Program Director at Inclusiv, joins The Remarkable Credit Union podcast to talk about what it means to be CDFI certified, how CDFIs benefit their communities, and how they themselves benefit from the certification process.
She also tackles this month's BIG question:
What are the most important considerations for a credit union that is considering applying for CDFI certification?
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