CDFI Certification Becoming Easier

August Issue of “The NCUA Report” Features Story on New Application Process

ALEXANDRIA, Va. (Aug. 18, 2016) – Credit unions certified as Community Development Financial Institutions can have a greater impact on their communities, and the application process for certification is becoming easier.

In the latest issue of the National Credit Union Administration’s monthly newsletter, the Office of Small Credit Union Initiatives discusses the benefits of CDFI certification and how, working with the U.S. Treasury’s Community Development Financial Institutions Fund, NCUA is making a streamlined application process available for qualified credit unions.

The August 2016 issue of The NCUA Report can be found online here.

The new issue includes a column from NCUA Board Member J. Mark McWatters and articles from NCUA offices on the agency’s initiatives and on supervisory, regulatory and compliance issues important to all federally insured credit unions.

This month’s issue includes:

• Board Member McWatters’ Perspective: Congress Takes a Step Forward With Real Regulatory Relief
• Board Actions: NCUA Board Removes Calendar-Year Exemption and Adopts New Strategic Plan
• NCUA Reaching Goals for Improving Consumer Complaint Process
• Understanding What Records to Keep
• Credit Unions, Members and EMV Cards

Published monthly, The NCUA Report is NCUA’s flagship publication. The newsletter highlights important Board actions and key issues that credit union managers, staff and volunteers need to know. If interested, you can subscribe to the online version of the newsletter here. Previous issues of The NCUA Report are available online here.