CU Strategic Planning’s Post

Today marks the 30th anniversary of the #CDFI Fund, established through the bipartisan Riegle Community Development Act in 1994. This Fund has been instrumental in providing over $7 billion to Community Development Financial Institutions (CDFIs), supporting small businesses, affordable housing, and community development projects nationwide. With more than 1,400 certified CDFIs, these mission-driven institutions have invested over $216 billion since 2015, creating or retaining 5.3 million American jobs. Strategically placed in underserved areas, CDFIs focus on fostering economic development and job creation in communities often overlooked by traditional financial institutions. Key facts about CDFIs: ✅ Mission-driven to support underserved communities and foster economic development. ✅ Certified by the U.S. Department of the Treasury, enabling access to resources for their mission. ✅ Diverse institutions including banks, credit unions, and venture capital funds, each catering to different financial needs. ✅ Catalyst for change, leveraging over $100 billion in private sector investments since 1994. ✅ Support small businesses, especially minority- and women-owned enterprises, through microloans. ✅ Impact-focused on social and environmental outcomes like affordable housing and job creation in underfunded communities. These facts highlight the significant role CDFIs play in promoting economic inclusion and driving positive change in communities nationwide. #EconomicInclusion #CommunityDevelopment #CDFIs Asset Strategy

You must gain control over your money or the lack of, will control you. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

You must gain control over your money or the lack of, will control you. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

It is not how much you earn but what you do with your money that determines the end. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

It is not how much you earn but what you do with your money that determines the end. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

Money is a tool; don't let it be your master. Use it wisely to enhance your life. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

Money is a tool; don't let it be your master. Use it wisely to enhance your life. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

This is your last chance to win $500 for your institution’s financial literacy program. All you have to do is comment on this post or on our original, pinned contest post. In your comment, tag your financial institution and describe your financial literacy program (name, a brief overview, and the impact it has had on your community). The contest ends tomorrow, and then we’ll choose three winners. The winning financial institutions will each receive a $500 donation towards their financial literacy program, as well as a stuffed koala. 🐨 #financialliteracy #financialliteracymonth #financialeducation #banks #creditunions #financialinstitutions #kadincecontest Disclaimer: No purchase necessary. The “2024 National Financial Literacy Month” contest begins at 11:00 a.m. Mountain Time ("MT") on 1 April 2024 and ends at 11:59 p.m. MT on 30 April 2024. Open to eligible legal residents of US/DC who are 21 years or older and employed in the financial services industry at time of entry. Void where prohibited. By submitting an entry, to the extent allowed by applicable law, you agree to hold Kadince, Inc. and its affiliates (collectively, “Kadince”) harmless from any claim, liability, loss, damage, or expense arising out of or in connection with participation in the contest, or your acceptance, use, or misuse of any prize. Kadince reserves the right to terminate the contest at any time, in its sole discretion. Information submitted with your entry is subject to our Privacy Policy.

Money is multiplied in practical value depending on the number of W's you control: what you do, when you do it, and with whom you do it. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

Who knows what a CDFI is and what they do? Admittedly, I had no clue until 2020. A CDFI or Community Development Financial Institutions provide access to financial products and services for local residents and businesses. Specifically focused on low-income communities and individuals that typically have minimal to no access to affordable credit, investment capital, or financial services.   CDFIs are made up of over a thousand private and public sector investors that support their communities. CDFIs come in 4 types: 1) Community development loan fund; 2) Community development venture capital funds; 3) CD banks; 4) CD credit unions. These institutions invest a combination of federal and private sector capital in economically disadvantaged communities. While mainstream financial institutions see risk in these areas, a CDFI sees an opportunity and a chance to rid businesses of predatory credit.   The access to fair and reasonable credit is not the only advantage. Business owners benefit from a closer lending relationship that results in lower charge offs in CDFIs. The CDFIs also engage with the communities to strengthen credit, educate, and drive business growth.   Where do CDFIs exist? Excellent question ... I recently received a link to the CDFI Market Map. You can view where CDFIs exist and more importantly, "CDFI Deserts" where the needs are not being met. Check it out to see how your area looks, maybe how you could help support the CDFI mission, or point a business in their direction. #capitisadvisors #fractionalCFO #CFO #smallbusinesses #finance #budgetyourbusinesspodcast