What is CDFI Certification?
CDFI Certification is a federal designation for financial institutions with a primary mission of community development and a record of serving low-income, minority, or underserved communities.
How CUwise Helps
Certification can be complex — but we guide you every step of the way:
- Eligibility review: Assess if your credit union qualifies today or if adjustments are needed.
- Target Market analysis: Map your lending activity to meet the 60% rule.
- Application support: Draft narratives, prepare documents, and ensure your application meets all requirements.
- Board accountability: Help structure or document advisory boards to meet compliance.
- Post-certification support: Maintain your certification and prepare for FA grant applications.
Why CDFI Certification?
- Access to FA Grants: Up to $1M annually in capital to grow lending and impact.
- Stronger community positioning: Recognition as a federally certified community lender.
- Capacity for growth: Certification sets you up for future TA, FA, and SDLP awards.
