Each affiliated credit union under $35 million in assets will receive a custom performance report on a quarterly basis. The 35+ page financial analysis will help credit unions assess their performance through peer comparisons in their state, peers in NCUA Region 3 and national peers. The report also includes a five-year financial comparison for the credit union. Key performance areas are highlighted with graphs and questions to consider.
The Community Development Capital Initiative (CDCI) is a fund to help credit unions and banks expand their services to low-income areas. The CDCI is restricted to credit unions that are both a) certified by the Treasury Department’s Community Development Financial Institutions (CDFI) Fund (b) have low-income designation from NCUA or state regulators.
Click here to see an FAQ sheet about the program and
here for more about the National Federation of Community Development Credit Unions. For credit unions that would like to become a low-income designated institution, contact LSCU Vice President, Cooperative Initiatives
Laura Vann at 800.342.1266 ext. 2181.