Benefits of Being a Community Development Financial Institution (CDFI)

Explore the CDFI designation, its benefits, and how to navigate the certification process

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Many credit unions have discovered, just in the past few years, that being recognized as a Low-Income Credit Union (LICU) provided new and untapped benefits, such as an exemption from the MBL cap. More recently, many LICUs are discovering another designation can provide even more opportunities for strategic growth: the Community Development Financial Institution (CDFI) certification. Obtaining a CDFI designation can provide benefits such as grant funding, awards, and exclusion from certain rules, like the QM/ATR rule. This webinar will provide you with an overview of the certification process and specific examples of CDFI designation benefits.

Registration Fees

This webinar is free, but you must register to attend (if you do not have an active Online Training Center subscription).

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Already registered? Go to the Online Training Center to view live.

Key Takeaways

  • Determine whether your credit union could be certified as a CDFI
  • Review the CDFI application process
  • Discover whether a CDFI designation could help your members
  • Hear real world benefits of CDFI certification from credit union leaders and experts

Who Should Attend

  • CEOs representing asset sizes under $50 million
  • COOs representing asset sizes under $50 million
  • Board Chairs representing asset sizes under $50 million
  • Marketing VPs and Managers representing asset sizes under $50 million
  • Open to all credit unions, regardless of membership or charter type!

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

Refund Policy

To qualify for a refund, cancellations must be processed prior to the live webinar date. Cancellations can be processed after the live webinar date, but refunds will no longer be issued and transfers would only be considered. Please email NAFCU's Member Service Center with your request for cancellation to msc@nafcu.org.

About the Presenters

Pamela Williams

Partnership and Outreach Analyst, NCUA

Terry Ratigan

Senior Development Consultant, National Federation of Community Development Credit Unions

Dave Prosser

Senior Vice President, Community Development at Freedom First Credit Union (FFCU)