NCUA Extends CDFI Application Deadline to Nov. 30

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The National Credit Union Administration has extended the deadline for federally insured, low-income credit unions that want to become certified Community Development Financial Institutions (CDFI) to apply for qualification to use the agency’s streamlined CDFI certification process.

The deadline is now Nov. 30.

Credit unions need to be aware the U.S. Treasury Department has announced important changes to the Community Development Financial Institution and the Native American CDFI Assistance programs. Beginning with the FY2020 application round, credit unions must be certified as CDFIs no later than the date the Notice of Funds is published in the Federal Register.

The agency’s Office of Credit Union Resources and Expansion hosts a resource page with details about CDFI certification and the streamlined process. The agency’s application guide has the necessary instructions for the qualification process. The Community Development Financial Institutions Fund’s webpage offers information about the benefits of CDFI certification.

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