Programs for Community Development Credit Unions
A good portion of our work is dedicated to serving credit unions who serve underserved, minority, immigrant or low to moderate income consumers.
CDFI Grant Writing, Management,
and Certification – We are experienced and successful
grant writers, gaining tens of millions of dollars in grant funding for
award-winning Hispanic, consumer and small business programs, funds deployed
specifically for capital and loan loss reserves. We provide advice and help
credit unions complete the complicated CDFI U.S. Treasury application process.
Low Income Designation (LID) – We understand the many benefits of becoming a Low Income Designated credit union, and we know how to leverage them. We provide guidance on how to seek and obtain the designation, as well as how to pursue the regulatory benefits for secondary capital, NCUA grants, and Field of Membership opportunities.
Secondary Capital – The secret is getting out that Low Income Designated credit unions can apply for and obtain secondary capital. We know how to find secondary capital sources and we assist clients in preparing compliant secondary capital applications. We have helped credit unions gain access to millions in secondary capital.
Latino Outreach and Lending Programs – See our new program, Conexión Latina!
These programs have resulted in millions in financial support and grant funding to support program development and growth.
What our clients say about us
“ELGA Credit Union is fortunate to have found the perfect partner to help us apply for the CDFI grant. Scott helped us understand how the services we provide to so many low-income members are exactly what the CDFI Fund is for. We have learned so much from him! Scott made the application process easy, as he helped us tell our story in a compelling way. We are delighted to have received a CDFI grant to be leveraged 10 times in the next three years. We are grateful for Scott and Alison’s guidance and service!“
Karen Church, President/CEO ELGA CU
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