Inclusiv

At today’s Freedman’s Bank Summer Symposium, Self-Help Credit Union highlighted their work in supporting access to affordable childcare through small business lending, an outstanding example of the incredible impact of $2.2 billion in Emergency Capital Investment Program (ECIP) investments in community development credit unions. Treasury’s 2023 Investing for Impact Report released today shows that CDCUs that received ECIP investments made more than $4.3 billion in deep impact loans, reaching the most underserved people and communities in 2023, and made an additional $6.1 billion in loans benefitting low- and moderate-income people and communities as well as people and communities of color. For more on CDCUs and ECIP, check out Cathi Kim’s piece (https://ow.ly/HgKe50SAL9h) in CUES CU Management highlighting the work of two high-impact CDCUs and how ECIP helped them deepen their impact in their communities. Watch: https://ow.ly/sQJ550SAL9j

Inclusiv President/CEO Cathie Mahon's Credit Union Times op-ed on why credit unions, through GGRF, are best equipped to bring affordable clean energy loan products to those who need them most: https://ow.ly/mJJ850SAuhU

Inclusiv@50: Maria J. Martinez, President and CEO of Border Federal Credit Union describes how Inclusiv helped them launch a Latino credit union professionals' conference that was so successful, it blossomed into the national organization known as NLCUP.

How do our members benefit as members of a CDFI credit union? The CDFI Fund is one of the Federal government's best market-based strategies for leveraging private dollars. CDFIs leverage $12 of private capital for every $1 of public investment. Investing in CDFIs generates billions of dollars annually in the form of loans to create jobs and grow businesses, build homes, increase job mobility, expand access to affordable healthcare and childcare, and create financial capability to expand consumer purchasing power. Inclusiv, the community finance authority for the credit union industry represents over 9 million members in low-income communities across the US. Costco Wholesale is the latest partner to join the Inclusiv Impact Deposits Fund, which invests social impact deposits in community development credit unions to expand economic opportunities and resiliency. Costco’s $3 million commitment to the Inclusiv Impact Deposits Fund will support 12 MDI and CDFI credit unions working in a broad range of both urban and rural communities, including Kauai FCU. “This commitment from Costco demonstrates how corporations can effectively support MDI and CDFI credit unions in serving their local communities to strengthen financial well-being and create economic opportunities. Costco’s deposit will benefit more than 350,000 homeowners, small business owners and households across the country by helping twelve high-impact credit unions grow their affordable financial services and responsible lending. By working with mission-driven partners like Costco, the Inclusiv Impact Deposits Fund is reducing inequalities and building resiliency in historically underinvested communities,” said Cathie Mahon, President/CEO, Inclusiv At Kaua’i FCU, partnerships such as this enable us to grow our loan portfolio and strengthen the social fabric of our community. So that we can be here for you when you need us the most. 💚 Inclusiv Costco Wholesale Community Development Financial Institutions Fund (CDFI Fund) https://lnkd.in/gxEX7gYm

The NCUA has extended the deadline for applying for 2024 Community Development Revolving Loan Fund grants to July 12. More than $3.4 million in CDRLF grants will be granted to the most-qualified applicants, subject to the availability of funds. For more information, go to ncua.gov/grants.

Join us tomorrow, 7/9 for our next quarterly trends call! This time we're discussing GGRF updates and opportunities. Learn more and register here: https://conta.cc/4daDH3R

Excited to have collaborated on coordinating the Inclusiv 2024 Puerto Rico & USVI CDFI and Community Development Credit Union Convening last week, June 26-27. Discussing vital topics like financial inclusion, promoting homeownership, small business support, and climate equity. Proud to have worked on enhancing the event's brand!

Inclusiv Applauds FHFA’s Appointment of Alexis Iwanisziw to Inaugural Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing: Inclusiv is proud to announce that Alexis Iwanisziw, Inclusiv’s Senior Vice President of Policy and Communications, has been appointed to the Federal Housing Finance Agency’s (FHFA) inaugural Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (ACAESH). The Committee will offer advice to FHFA on how Fannie Mae, Freddie Mac, and the Federal Home Loan Banks can increase access to housing finance and community investment. Alexis will bring Inclusiv member credit unions’ and cooperativas’ deep experience in high-impact mortgage lending to the national conversation on equitable housing finance and will share our perspective as a Community Development Financial Institution working to increase access to affordable and sustainable homeownership in historically redlined and other under-resourced communities. We look forward to working with FHFA and colleagues on ACAESH to advance equity, increase housing opportunity and support thriving communities through our housing finance system. https://ow.ly/HiVo50St9Hy

We are more than honored to receive the Juntos Avanzamos designation 👏 It reaffirms our commitment to serving all members with respect, understanding, and tailored financial solutions. #HAPOCCU #JuntosAvanzamos #CreditUnion #TogetherWeThrive #HispanicCommunity #PascoWA #SunnysideWA #YakimaWA #TriCitiesWA

📣 New Blog Alert We love our mission-focused industry and its power to uplift communities and underserved individuals. No financial institution is too small to take advantage of digital tools that empower financial ACCESS. 🔑 The key to access is through digital channels, the gateway to financial empowerment 💡  Arming disadvantaged communities with education and digital tools, can level the playing field for small businesses and break the cycle of poverty 🚀 Creating a cohesive member journey starts with a holist approach including digital access, community outreach, and financial education tools We are proud to partner with Inclusiv and other networks that work as cooperatives to support those most in need. Visit www.visifi.com to learn more about our solutions that help credit unions embrace digital strategies and create a lasting community impact. Check out our latest blog: https://lnkd.in/gNwRfEej #cooperatives #creditunions #digitalbanking #financialliteracy #banking