How Well Do You Know CDFIs? Test Your Community Impact IQ.

Community development financial institutions provide essential financial services to underserved communities across America. CDFI designation allows financial institutions that meet specific criteria to tap into grants and technical assistance to foster economic opportunity and community development.

Think you know about CDFIs? Take this quiz to find out.

How Well Do You Know CDFIs?

CDFIs offer loans, investments, and financial education to individuals and businesses that might not have access to traditional banking services. Learn more about these financial first responders.

Step 1 of 6

16%

What percentage of credit unions have a CDFI designation?

9%

15%

20%

50%

Which department of the federal government administers the Community Development Financial Institution (CDFI) Fund?

Federal Reserve

Department of Commerce

Department of the Treasury

Department of Housing and Urban Development

What percentage of loans does a CDFI credit union need to make to low-income or disadvantaged communities to qualify for CDFI status?

40%

60%

70%

90%

True or False: Only credit unions can become CDFIs.

True

False

What is one thing that is not required from a CDFI advisory board?

Meet at least three times a year.

Be appointed by the credit union’s board of directors.

Be accountable to at least 90% of a CDFI’s overall target market.

Operate under a board policy that lays out the advisory board’s purpose and scope.

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