Tell Congress to Support CDFI Funding

Connect for the Cause

In his Fiscal Year 2020 budget submitted to Congress, President Trump has proposed eliminating $300 million in federal funding for the Department of Treasury’s Community Development Financial Institutions (CDFI) Fund.

The California and Nevada Credit Union Leagues are asking you to take action and tell your members of Congress to support CDFI funding. Click here to let your voice be heard on this important matter.

The CDFI Fund provides financial assistance and technical assistance as well as offers grants, secondary capital, nonmember deposit, or loans. CDFIs—which includes credit unions—finance community development initiatives, which provide, among other things, mortgage lending for first-time homebuyers and commercial loans for businesses in low-income areas.

“Credit unions are uniquely situated to serve consumers of all means and were created for the purpose of ensuring all consumers have choices for safe and affordable products and services,” said Leagues Vice President of Federal Government Affairs Jeremy Empol. “Eliminating funding from the CDFI Fund would make it more difficult for credit unions to provide this much-needed community assistance to consumers who are underserved, have a modest income, or are living in distressed communities. Please take action today at www.connectforthecause.com.”

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