Friday | 9:45am – 11:00am
Michael Beall, Chief Strategic and Advocacy Officer, CU Strategic Planning
Terry Ratigan, Senior Consultant, National Federation of Community Development Credit Unions
Magnolia 1

Credit unions have long been at the forefront of community development finance. Today, CDFI certification offers fresh access to resources, a key to unlock the potential for credit union growth in diverse, low-income and underserved markets for years and decades to come. Join us for this workshop where you will hear from CDFI certification and grant writing experts from the Federation and Credit Union Strategic Planning. Discussions will revolve around the importance and benefits of the Low Income Designation and CDFI Certification, the process and the timeline. You will also learn of the resources available to you to guide and assist through the process and be able to network with others at various stages of the Community Development cycle.

About the speaker:
Terry Ratigan is a Senior Consultant for the National Federation of Community Development Credit Unions (Federation) and a leading developer of statistical approaches to the analysis of credit union potential, performance, and community development impact.  In 2010 he developed a statistical methodology to evaluate credit union activities in CDFI target markets and demonstrate eligibility for CDFI certification that has been used for more than 200 credit union certifications to date.  An adapted version of this methodology served as the basis for NCUA’s 2011 revision of the Final Rule on Low-Income Designation and the 2012 CDFI Fund guidance on target market analysis for CDFI certification.  In 2013 he developed the CU Capacity and Community Development Index to help credit unions increase their impact through the targeted expansion of products and services that are highly valued in low-income and emerging markets.   Recent papers include CDFI Certification:  A Building Block for Credit Union Growth, Performance Profiles and Prospects for CDFI Credit Unions, a White Paper for the CUNA Community Credit Union Committee, and Partnerships for Financial Capability; Diagnostic Frameworks for Financial Institutions and Partners, jointly published by the Federation and the Center for Financial Services Innovation (CFSI).  Mr. Ratigan has also worked internationally as a senior manager for CARE in Bangladesh and Mozambique and as a Peace Corps Volunteer in Sierra Leone.  He holds a Bachelor of Arts from the University of Virginia and Masters in Public Policy from Harvard University.

Michael (Mike) Beall joined CU Strategic Planning in November 2015, building on his experience assisting 25 Missouri credit unions obtain their CDFI certification and his recent work connecting credit unions and cooperatives at the National Cooperative Business Association. Mike was born to credit union parents who met in the early 1960s at Agriculture FCU, and was raised as part of the NASA FCU family. Before joining CU Strategic Planning, Mike served over three years as the President and Chief Executive Officer of National Cooperative Business Association (NCBA) and its CLUSA International overseas development arm. NCBA is the apex trade association for cooperative businesses across the United States. While there, Mike undertook a rebuilding of the organization, leading it from several years of negative earnings back to positive earnings, and increasing its international leadership in relations with Cuba and Cuban cooperatives, and developing the first Congressional Cooperative Caucus. Prior to his work at the NCBA, Mike served as President/CEO of the Missouri Credit Union Association, where he was responsible for implementing the first statewide project to certify 25 new CDFI credit unions, bringing almost $20 million in funding to the state. He also led efforts to create Bank on More, a statewide cooperative advertising campaign that increased consumer awareness of credit unions by more than 25%. Before joining the Missouri Credit Union Association Mike served terms as the President/CEO of the Maryland and District of Columbia Credit Union Association (MDDCCUA) and as Executive Vice President of the North Carolina Credit Union League.