May19

Q2 CDFI Roundtable

A place to connect with other CDFIs, learn what credit unions are doing in their communities, stay current on updates and relevant changes, and discover how GoWest can support you on your CDFI journey.
May28

Q2 Small Credit Union Roundtable

Held quarterly—with additional sessions as needed—these open discussions cover topics like growth strategies, succession planning, operational hurdles, and more.
Jun3

YP Summit

This conference is an excellent opportunity to learn how to become a stronger leader in the Credit Union Movement, hear from expert speakers, grow your network, develop skills in workshops, and more.
Jun3

Collectors Council; Session Two

This session provides an opportunity to share challenges and successes with collection and recovery peers, ask questions and learn from each other, as well as gain insights from outside legal and industry experts. The demand to keep delinquencies low and recoveries high is challenging for any professional in this field.
Home » Advocacy On The Move »

Hopeful News: Treasury Affirms CDFI Funds are Statutory

March 28, 2025

Friday brought hopeful news to more than 500 US credit unions that leverage Community Development Financial Institutions (CDFI) to serve their members. According to an American Banker article, Treasury confirmed all 11 CDFI programs are statutory.  You can review their report, submitted to the Office of Management and Budget (OMB), here.

A presidential executive order was signed earlier this month that questioned the fund’s future. In the aftermath, Idaho Senator Mike Crapo and Oregon Senator Ron Wyden, Chair and Vice Chair of the Senate Committee on Finance, reaffirmed their support of the fund and Treasury Secretary Scott Bessent acknowledged CDFI is a key component to supporting Main Street. Treasury’s confirmation that the CDFI programs are required by law is a positive development.

This development aligns with GoWest’s analysis that was submitted last week to the CDFI. You can read that here.

The decision now rests with OMB. GoWest will monitor this developing situation.

 

Posted in Advocacy on the Move, Federal Advocacy.