National Federation of Community Development Credit Unions, Inc.
The National Federation of Community Development Credit Unions was incorporated in 1974 as a 501(c)(3) charity with the mission of representing and serving the credit unions that serve low-income Americans. Our member credit unions -- CDCUs -- provide a safe, dignified alternative to the pawn shops, loan sharks, and numerous other "predatory lenders" that drain income from low-income communities. CDCUs are the nonprofit, self-help solution for inner-city, rural, and reservation communities beset by poverty. The National Federation of CDCUs supports low-income credit unions by providing capital, technical support, advocacy, and assistance in developing innovative programs. We are governed by representatives of CDCUs and are entirely accountable to them. Our supporters include banks and financial institutions, foundations, religious organizations, and individuals.
National Federation of Community Development Credit Unions, Inc.
The National Federation of Community Development Credit Unions, Inc. (NFCDCU), established in 1974, serves as a pivotal nonprofit organization dedicated to the promotion and support of community development credit unions (CDCUs) across the United States. It is instrumental in advocating for the needs of low- and moderate-income individuals and communities through the provision of financial services, education, and technical assistance.
History
The NFCDCU was founded during a critical period when larger credit unions were increasingly catering to middle-class members, leaving a significant gap in services for low-income populations. Recognizing the need for dedicated support, the organization was established to uplift community credit unions that serve economically disadvantaged groups. The term "development" was added to its name to signify its unique mission of fostering growth and sustainability within these institutions.
In its early years, NFCDCU was at the forefront of efforts to help low-income credit unions meet regulatory standards and secure necessary funding. This was particularly significant following a 1971 inspection revealing that many low-income credit unions were struggling to qualify for share insurance. The formation of NFCDCU was crucial in addressing these challenges and enhancing the capacities of community credit unions.
Mission and Objectives
NFCDCU's mission encompasses the following key objectives:
-
Advocacy: Representing CDCUs in legislative and regulatory matters, ensuring they can effectively serve their communities.
-
Capacity Building: Offering training, technical assistance, and resources to enhance operational efficiency and financial health among member credit unions.
-
Community Development: Promoting financial inclusion by facilitating access to affordable financial services for low-income individuals and communities.
Programs and Initiatives
The organization has launched various initiatives to fulfill its mission, including:
-
Technical Assistance: Providing guidance on business planning, operational systems, and compliance with regulatory requirements.
-
Training Services: Conducting workshops and seminars designed to improve financial literacy and operational practices within CDCUs.
-
Strategic Investments: Engaging with funding sources, including government agencies and philanthropic organizations, to secure capital for member credit unions.
Role in the CDFI Movement
NFCDCU played a critical role in the establishment of the Community Development Financial Institutions (CDFI) Fund in 1994. The CDFI movement aims to promote economic revitalization in underserved communities by providing financial assistance and investment. The NFCDCU's leadership and advocacy were instrumental in shaping policies that support the growth of CDFIs, ensuring that community credit unions are recognized as key players in the financial inclusion agenda.
Impact
Over the years, the NFCDCU has significantly contributed to the strengthening of community development credit unions, enabling them to serve as vital financial resources for low-income individuals. By fostering partnerships and enhancing the operational capacities of its member organizations, the NFCDCU continues to drive positive economic change in communities across the United States.
Conclusion
The National Federation of Community Development Credit Unions, Inc. remains an essential organization in the nonprofit sector, dedicated to empowering community credit unions and advocating for financial equity. Its continued efforts help to ensure that marginalized communities have access to necessary financial resources and services, thus contributing to broader economic stability and growth.
Edit WikiFounded
1974
Web
Sign in to see organisation website
Traffic
3847884
From Social media
News about from their social media (Facebook and X).
Data about organisation
New York
Organisations from National Federation of Community Development Credit Unions, Inc.

πΊπΈMore Breaking News, Special Reports, and Live Coverage on NTD: https://ept.

Our researchers investigate human rights crises in some 90 countries around the world.

Explore 5,000 years of art and culture at The Met.
Interesting nearby
Interesting organisations close by to residence of National Federation of Community Development Credit Unions, Inc.

National Urban Technology Center, Inc.
Urban Tech is a social enterprise committed to changing the game in education by providing solutions.

Let's build a more just and vibrant society.

Metropolitan New York Coordinating Council on Jewish Poverty
The Largest Jewish-Sponsored Social Safety Net in America.
Similar traffic
Organisations with similar web traffic to National Federation of Community Development Credit Unions, Inc.

19485. Friends of Lafitte Corridor Inc
Friends of Lafitte Greenway works to build, program, and promote the Lafitte Greenway as a great publ.

19486. California Travel Association
Tourism's United Advocacy Voice CalTravel is the unified advocacy voice for California's travel and tourism industry.
Join us and make a difference for the future!
Sign Up
Please fill in your information. Everything is free, we might contact you with updates (but cancel any time!)
Sign in with GoogleOr
Good News

πβ¨ Exciting news for nature lovers! The Nikon Comedy Wildlife Awards finalists are here, showcasing the funniest animal photos that spread joy and raise awareness for wildlife conservation. π¦π Let's celebrate these incredible moments and support our furry friends! Winners announced on Dec. 9 in London! πΈβ€οΈ #WildlifeConservation #GoodNews
From a Dancing Gorilla to Giggling Lions, See the Finalists for 2025's Funniest Wildlife Photos
PEOPLE.com
Like Comment
Exciting news! π A recent study reveals that Covid-19 mRNA vaccines, which saved millions, might also enhance our immune system to combat cancer! πͺπ¦ This could be a game changer in cancer treatment! Let's embrace the potential of science for a healthier future! #GoodNews #HealthRevolution #EduoOrg
This Covid-19 Vaccine Could Unlock the Next Revolution in Cancer Treatment
Yahoo
Like Comment