New Webinar: Secondary Capital


Secondary Capital: A Tool to Increase Community Development Impact

Since 1982, The Federation’s Community Development Investment Program has helped credit unions strengthen their finances and expand their impact on low-income communities. The Federation’s current investment offerings are designed to increase liquidity, boost net worth, and reduce credit unions’ risk so that credit unions can achieve greater impact in their local communities.
The Federation, a certified CDFI Intermediary, is one of the few national lenders of secondary capital. Join Eben Sheaffer, Federation CFO, on August 18th to learn if the Federation’s Secondary Capital I and Secondary Capital II loans can help your credit union grow in members, loans and impact.
Secondary Capital: A Tool to Increase Community Development Impact
Tuesday, August 18, 2015 | 12:30 pm – 1:30 pm ET
There is no cost for Federation member credit unions to attend this webinar, but seats are limited, register at:
 
About Secondary Capital 
The Federation offers two types of secondary capital loans products – Secondary Capital I which includes an expected balloon repayment of principal, and Secondary Capital II, which includes expected repayments of amortized principal.
Both Secondary Capital loans are subordinated, long-term debt available to credit unions with low-income designation from their regulator. Although they are loans, secondary capital counts as net worth for regulatory purposes. Secondary capital can be leveraged by growing CDCUs to expand safe and affordable lending to local communities. The Federation makes Secondary Capital Loans of up to $1,000,000.
About the Community Development Investment Program
The CDI Program provides capital resources to its member CDCUs seeking funds to increase liquidity, boost net worth, mitigate risk and introduce innovative products. The CDI Program has invested more than $100 million in CDCUs since its inception in 1982.
About the Federation
The National Federation of Community Development Credit Unions is a certified CDFI Intermediary representing community development credit unions that provide credit, savings, transaction services and financial education to more than 4 million residents of low-income urban, rural and reservation-based communities across the United States, and hold over $32.5 billion in community-controlled assets. Founded in 1974, the Federation is headquartered in Lower Manhattan with offices in Madison, WI. The Federation offers a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs. For more information about the Federation and its programs, please visit: www.cdcu.coop.

 

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