How to qualify as a Minority Depository Institution

Qualifying as a Minority Depository Institution (MDI) can lead to several benefits for your credit union. Learn about the process and how your institution can attain the designation.

What is an MDI?

Credit Unions that self-certify to the NCUA as Minority Depository Institutions are federally insured credit unions in which a majority of their current members, board of directors, and the community they service, as designated in its charter, fall within any of the eligible minority groups as described in Section 308 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989: any Black American, Asian American, Hispanic American, or Native American.

Important notes:

  • Credit Unions self-designate as MDIs by answering the MDI questions posed to them on their CUOnline profile;
  • The NCUA encourages Credit Unions to come to their own determination as to whether they qualify as an MDI;


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