Community Development Financial Institutions (CDFIs)

Genesee Co-op Federal Credit Union

Founded in 1981 by a group of area residents dissatisfied by corporate banking, Genesee Co-op Federal Credit Union now has more than 2,600 member owners with savings of $8 million.  The Co-op runs a Micro-enterprise Development Program, which provides micro-business loans, lines of credit, business training, and referrals.  The Co-op also offers free financial education services to its members. Read more about Genesee Co-op Federal Credit Union...

ESL Federal Credit Union

Founded in 1920 as Eastman Savings and Loan Association, ESL Federal Credit Union is now one of the largest independent credit unions in the country with $5 billion in assets, 325,000 members, and more than 680 employees.  Recognized as both a member- and employee-focused organization, ESL has been selected by Rochester Choice Awards as Rochester's favorite place to bank since 2002. Read more about ESL Federal Credit Union...

Advantage Federal Credit Union

Established in 1931, Advantage Federal Credit Union (AFCU) currently serves over 20,000 members in the Rochester region and holds over $200 million in assets.  Focused on helping the community, AFCU funds and supports numerous foundations, nonprofits, and initiatives in the Rochester area, including student-run credit unions at local high schools and student scholarships.  The credit union also provides free financial literacy counseling and workshops to individuals, schools, employers, and community groups. Read more about Advantage Federal Credit Union...

Indianapolis Neighborhood Housing Partnership

Established in 1988, Indianapolis Neighborhood Housing Partnership (INHP) aims to increase affordable and sustainable housing opportunities for individuals and families and serve as a catalyst for the development and revitalization of area neighborhoods.  To do so, INHP offers homeownership education, financial and mortgage advisory services, and a variety of affordable mortgage and loan options for those buying or improving homes.  In 2012, INHP invested in or helped leverage more than $22 million in mortgage financing; closed 376 mortgages or grants for home purchase, improvement or repair; and graduated over 3,000 people from its classes.

Financial Center Federal Credit Union

Established in 1953 and headquartered in Indianapolis, Financial Center Federal Credit Union serves over 54,000 residents of Central Indiana.  With over $500 million in assets, the credit union offers its members free financial education seminars and discounts at local stores, and has a Latino Advisory Council to help ensure it meets the needs of Greater Indianapolis’ Latino community. Read more about Financial Center Federal Credit Union...

CRA Investment Handbook

Center for Community Development Investments

NCRC Annual Conference

March 25th, 2015 to March 28th, 2015
Washington, DC

NewCorps

Founded in 1995, NewCorp aims to serve as an economic development catalyst in the Greater New Orleans region by providing technical and financial assistance to small and emerging businesses.  In addition to operating several loans funds to support small businesses and promote economic development, NewCorp offers a range of services including certification assistance, strategic planning, accounting consultation, financial assistance, marketing assistance, software training, and management counseling.  Since its formation, the CDFI has provided technical assistance to over 4,500 clients and Read more about NewCorps...

CD Capital

Established in 2000 in response to the rapid growth of blighted properties across New Orleans, CD Capital aims to revitalize communities, provide affordable housing, bring properties back into use, improve the tax base, and strengthen the local economy of New Orleans and Louisiana.  To do so, the CDFI finances the development of multi-family, commercial and mixed-use real estate, and the creation and preservation of housing, particularly affordable housing.  Since its formation, CD Capital has created a loan pool of roughly $1.7 million and supported the development of over 1,500 affordabl Read more about CD Capital...

Wisconsin Women’s Business Initiative Corporation

Since its founding in 1987, the Wisconsin Women's Business Initiative Corporation (WWBIC) has loaned more than $34 million to 3,500 business owners and has helped to create and retain 8,000 jobs. WWBIC supports entrepreneurship and home ownership amongst women, people of color, and low income communities through a range of services, including  business and financial education courses as well as individual development accounts. It has grown to become Wisconsin’s largest microlender.  Read more about Wisconsin Women’s Business Initiative Corporation...

OBDC Small Business Finance

Founded in Oakland in 1979, OBDC now provides loans, education, and networking opportunities to small business owners in nine Bay Area counties.  Over the past decade, it is credited with making 500 loans totaling more than $29 million and resulting in thousands of new jobs in the Bay Area. Read more about OBDC Small Business Finance...

Community Bank of the Bay

Founded in Oakland in 1996, Community Bank of the Bay is a community bank serving Oakland, Danville, San Mateo and San Jose, California.  As the state’s first CDFI bank, its mission is to make a positive and sustainable economic impact.  With $128 million in assets, the bank focuses on providing financing to small businesses and nonprofits.  In 2007, it created a special fund, the Bay Area Green Fund (BAGF), to finance groups that are contributing to a sustainable economy.  The bank relocated its Oakland headquarters to an Energy Star and LEED certified building in 2013. Read more about Community Bank of the Bay...

Infographic: Impact of CDFIs

How community development financial institutions build community wealth

Brewery Credit Union

Headquartered in Milwaukee and with ATMs in several Milwaukee-based cooperatives, Brewery Credit Union (BCU) was established to provide superior financial service while economically empowering its members and community. As of 2013, it held more than $35.8 million in assets. Dedicated to consumer education, BCU has a range of tools to educate its members and the public about financial topics as well as credit union philosophy, values, and uniqueness. Read more about Brewery Credit Union...

Guardian Credit Union

Established in 1934 by employees of Harnischfeger Corporation, a West Milwaukee machine manufacturing business, to provide a source of credit with a fair interest rate and the opportunity for people to improve their economic and social conditions, Guardian Credit Union (GCU) expanded its charter in 1986 to serve anyone living or working in Milwaukee and Waukesha counties. Today, GCU is the largest credit union headquartered in Milwaukee, with over 35,000 members and assets over $225 million. Read more about Guardian Credit Union...

Legacy Redevelopment Corporation

Founded in 2003, Legacy Redevelopment Corporation is the only CDFI focused on housing and commercial real estate in Milwaukee's central city. Its loans are credited with financing over 230,000 square feet of new or renovated space for nonprofit and socially oriented businesses, and the creation or renovation of over 100 affordable housing units. Read more about Legacy Redevelopment Corporation...

Ways to Work

Based in Milwaukee, Ways to Work provides low-interest loans and financial education to working families with challenging credit histories through its network of 44 sites located across 19 states. Since its establishment in 1994, the CDFI has made about $78 million in affordable loans to nearly 34,500 families. Read more about Ways to Work...

Alliant Credit Union

Established in 1935 by a small group of United Airlines employees, Alliant now serves employees and members of about 250 diverse organizations and residents of 20 Chicago neighborhoods.  With over 335,000 members nationwide and over $9.3 billion in assets, Alliant ranks as the 8th largest credit union in the nation.  Over a decade ago, Alliant launched a Civic Affairs Program to formalize and emphasize its commitment to the community.  Through one initiative catalyzed by the program, Alliant employees have been teaching financial literacy classes to students in Chicago area public schools since 2005.