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Bridging the Gap: How to Help CDFIs Empower Underserved Communities

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Community Development Financial Institutions (CDFIs) do a lot for their communities. While larger institutions might have a bigger dollar impact, CDFIs specialize in building relationships and working with minority groups to make a difference. That’s why it makes sense to partner with and support the CDFIs in your community. You have the dollars and the team; CDFIs have the relationships and the dream.

There are many ways to partner with CDFIs, including making community development loans or equity equivalent investments. Banks can also purchase microloans from CDFIs, which provides liquidity for lending and helps the bank reach its CRA lending goals. Making a deposit at another financial institution may sound counterintuitive, but there are many benefits, including potential CRA credit.

Watch this webinar to hear from Scale Link panelists on supporting the CDFIs in your community and giving back in ways you may not have considered. You’ll learn why supporting CDFIs is crucial, how to do so through microdeposits (under $50,000), and how these deposits can lead to CRA credit.

If your institution has ever considered partnering with a CDFI, or even if you’ve never thought about it but wonder how it might look, you don’t want to miss this!

The ABA has approved this webinar for 1.25 CFMP and CRCM credits.