Press
New NCUA video series helps credit unions seeking CDFI certification
ALEXANDRIA, VA (March 20, 2015) — Credit unions interested in becoming certified as Community Development Financial Institutions can get valuable information from a new video series produced by the National Credit Union Administration.
The five-part series, “CDFI Fund Certification,” is available online on NCUA’s YouTube channel and shows how CDFI certification opens financial doors to credit unions to assist them in serving the underserved.
Staff from NCUA’s Office of Small Credit Union Initiatives and the Treasury Department’s CDFI Fund discuss subjects that include the seven criteria that must be met for certification and the benefits of certification. One video features success stories of three credit unions. The five videos are:
- CDFI Fund Certification: Introduction and Overview
- CDFI Fund Certification: A Tale of Three Credit Unions
- CDFI Fund Certification: Purpose and Process
- CDFI Fund Certification: Challenging Criteria, Target Market and Accountability
- CDFI Fund Certification: Resources
Each video is less than 10 minutes long.
NCUA’s Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions, minority depository institutions and credit unions with a low-income designation.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 99 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.