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CU Funding Access to help CUs access CDFI funds
DENVER, Colo. (4/7/09)--Applying for community development financial institution (CDFI) certification positions low-income credit unions to qualify for the next round of U.S. Treasury Department funding, according to the CU Funding Access Team. The next round of funding is expected to reach $145 million, with availability of funds to be announced in August/September. A CU Funding Access release noted that for the first time, matching funds are not required. “Credit unions have been startlingly underrepresented in past funding rounds--mainly because they have neglected to become CDFI-certified and apply for funding,” the release stated. CU Funding Access Team can help credit unions obtain CDFI certification. The team is comprised of four consultants who have worked extensively with credit unions: William Myers, Blake Myers, Paola Diaz-Torrez and Molly Schar.


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