New research from Filene, “Amplifying Your Credit Union’s Mission: Financial and Community Impacts of Being a CDFI,” illustrates how Community Development Financial Institution-certified (CDFI) credit unions thrive. CU Strategic Planning, the leader in CDFI certification, grant application, and strategy for credit unions, contributed research support to the project.
The research covers both quantitative and qualitative analysis. Filene finds that CDFI credit unions perform higher than non-CDFIs in many financial indicators. Filene also shared impactful programs, best practices and strategies to help credit unions navigate the CDFI Program and create the most impact with their CDFI status.