Initiatives


The Federation’s Initiatives support community development credit unions’ provision of innovative financial products and services to underserved communities. Our Initiatives develop products to respond to low and moderate-income consumers financial needs, foster strategic partnerships, disseminate best practices in service delivery, and provide education and training to CDCU leaders.

Responsible Products and Services

Better Directions Joanne

Alternatives to Predatory Products - Through investment and product development, the Federation supports CDCUs’ provision of safe and affordable alternatives to payday loans.

Homeownership - The Federation’s homeownership initiatives aim to increase community development credit unions’ recognition as a source of responsible mortgage financing and to expand credit unions’ capacity as mortgage lenders and providers of accurate and consistent homeownership counseling.

Financial Capability - The Federation helps credit unions develop the right strategies and approaches to build the financial capability of their members.

Microfinance - The Federation has worked with credit unions to develop and promote small dollar consumer and business loans that can, for example, provide alternatives to payday loans or help build bridges to citizenship for immigrants.

 

Serving Underserved Markets

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Disability Outreach Network - The Federation has fostered strategic partnerships between CDCUs and national organizations serving people with disabilities in order to bring financial services, access to credit, and financial education to a market disproportionately represented in America’s low-income communities.

Immigrant Communities – In many communities, immigrants remain largely unbanked and vulnerable to predatory financial service providers. The Federation is working with CDCUs to meet the tremendous demand in the immigrant market.

Serving Older Adults – The Federation’s Better Directions program supports partnerships between CDCUs and community agencies that work with seniors in order to bring credit union financial products and services to low-to-moderate income seniors in conjunction with access to benefits and other budget and financial counseling services.

 

Credit Union Leadership Development

CDCU Institute – The CDCU Institute builds CFLA FellowsCDCUs’ capacity to serve economically disenfranchised communities by providing CDCU staff and board members with advanced management training.

Cooperative Finance Leaders for America – This CDCU fellowship program cultivates future leaders of the credit union movement.

 

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