?Credit unions, especially smaller credit unions, can find substantial benefits from becoming certified as community development financial institutions, and the application process is becoming easier.
The $1 billion-asset credit union was approved as a CDFI after starting the application process in October. Institutions seeking the designation must first meet criteria such as providing development ...
The National Credit Union Administration announced that federally insured low-income credit unions can now apply for certification as community development financial institutions through the ...
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