Through our Community Development Across Florida and Alabama program, the Southeastern Credit Union Foundation has been coordinating efforts to assist credit unions in applying for federal grant money through the U.S. Treasury for community development. In fact, you may have heard that in 2016, three Florida credit unions were granted more than $4.6 million in grant funding, the most granted to credit unions in any state and in 2017, four affiliated Florida credit unions were granted more than $2.5 million. Once you have obtained the CDFI certification, we are also here to assist in brainstorming ideas for community development in within your geographic footprint and may be able to assist in connecting your credit union with community partners and new clients.

One of the first steps in this process is for low-income designated credit unions to become CDFI certified. The NCUA and the Community Development Financial Institutions Fund are jointly engaged in an initiative to double the number of certified credit unions by the end of this year and are currently reaching out to credit unions that they feel would qualify.

Join us at one of the following Small Asset Size workshops to hear more about the CDFI process, re-certification, applying for grants, and learn more about available resources.

2/15      Tampa SAS
               Suncoast CU
  6801 E Hillsborough Ave | ADM001 |Tampa, FL 33610
  First floor of Main Administration Building

5/15      Mobile SAS
               Azalea City Credit Union
  5662 Cottage Hill Road
  Mobile, AL 36609

5/17      Birmingham SAS
               Location to be determined

 

If you are contacted by the NCUA for this initiative and it meets your business model, we highly encourage you to consider applying. With the assistance of the NCUA, the process for CDFI certification has been streamlined and does not involve a cost to your credit union.

For more information about the certification, please review the video series below:

For more information on Florida Prosperity Partnerships Workshops, Click Here.

 

Contact SECUF Director Juli Lewis with further questions at 850-321-5199 or by email.