Inclusiv Advocates for CDFI CUs During Pandemic Crisis

Inclusiv

Inclusiv is requesting $1 billion in supplementary funding for Community Development Financial Institutions (CDFIs) as part of the emergency spending legislation currently under consideration. It’s also working with the CDFI Coalition and the Credit Union National Association (CUNA) to advocate for additional funds to be included in the stimulus bill for CDFI credit unions.

In addition, the organization is doing a comprehensive assessment of how emergency stimulus funds can best be utilized to stabilize CDFI credit unions and the communities they serve. From its initial outreach, it sees the needs falling into the following categories: immediate stabilization of CDFIs to remain operational and meeting basic needs of their members during this period; flexibility to borrowers during this period while maintaining safety and soundness of your institutions; and developing innovative responses to community needs, including prioritizing wage workers, small businesses and downsized service sector employees.

So, Inclusiv is also reaching out to CDFI credit unions asking it to share the emerging needs of their members via a survey

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