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MCUCF Brings CDFI Training to Missouri Credit Unions

On December 3-4, 2015, the Missouri Credit Union Charitable Foundation (MCUCF) hosted a community development financial institution (CDFI) workshop in Jefferson City. In attendance were certified credit unions and credit unions interested in pursuing CDFI certification. Terry Ratigan and Susan Brunner, of the National Federation of Community Development Credit Unions (the Federation), facilitated the two-day discussion. They touched on a number of relevant topics, including CDFI Fund updates, impact tracking, engaging target markets, expanding partnerships within the community, and compliance reports.

As part of the CDFI initiative, the Missouri Credit Union Association (MCUA) and MCUCF have worked for the last several years to help credit unions receive certification from the U.S. Treasury Department. In addition, MCUCF coordinates trainings and assists CDFI credit unions and credit unions seeking certification. 

"The Federation has continually provided excellent training, and we're proud to offer this CDFI support to our credit unions," says Maria Langston, executive director of the Missouri Credit Union Charitable Foundation. "It was truly inspiring to hear how CDFI certification has increased credit unions' positive impact within their communities."

Attendees included leadership from the following credit unions: 1st Financial Federal, Alliance, Arsenal, Community Financial, CU Community, Horizon, Ozark Federal, River Region, Kansas City, and Riverways Federal.  

Missouri has the most CDFI credit unions in the country; 27 credit unions statewide received this certification. CDFI certified credit unions can apply for technical and financial assistance grants to help them better serve low-income members in underserved areas in their communities. 

Caption: Attendees receive CDFI training from a representative of the National Federation of Community Development Credit Unions.