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CDCI looking for more CUs for capital program

The staff of the Federation and the Treasury held an important webinar Friday on Treasury's Community Development Capital Initiative (CDCI). The webinar helped credit unions answer questions that have come up regarding the CDCI application process and clarification on program guidelines and requirements. The CDCI program is an opportunity for credit unions to access low-interest funds to help expand products and services deeper into communities. All CDCUs are encouraged apply for the program. Florida currently has two CDCUs eligilble for the program while Alabama has 10. The application date for the capital program is April 2. For those credit unions looking to become CDCU eligible, the application process ends April 16.

For more information on this program and how to apply, click here.