Since their inception, community development financial institutions have been injecting equity into low-income communities. Quite noticeably, certain portions of the United States have larger concentrations of CDFI credit unions compared with others. Florida is one of the top 10 states with the most CDFI-certified credit unions with a total of 19 credit unions with this certification.
“The Southeastern Credit Union Foundation has made a commitment to helping credit unions achieve CDFI status and works toward receiving CDFI grant funding from the U.S. Treasury. In the past two years, more credit unions in Florida and Alabama have become CDFI certified than ever before, and Florida credit unions have shown a drastic increase in the dollar amount of Federal grant funding received, ” reported Juli Lewis, director, Southeastern Credit Union Foundation. Read more at CU Journal.