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#2253774 - 05/11/21 06:44 PM Becoming a CDFI?
ccman Offline
Platinum Poster
Joined: Sep 2007
Posts: 899
Our CFO would like information on whether our small bank ($190MM) is a candidate to become a CDFI.

We are looking for information on what to expect in area of costs to form and fund the CDFI. What personnel requirements
will be necessary along with the expertise to operate the CDFI.

As an alternate, would our small bank be better positioned to fund loans or investments to existing CDFIs in our area.

Thank you for any replies.

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CRA
#2254289 - 05/24/21 06:56 PM Re: Becoming a CDFI? ccman
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
CDFIs serve economically disadvantaged individuals and communities. Besides credit unions, most CDFIs are just lenders and investors.
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#2254687 - 06/01/21 03:28 PM Re: Becoming a CDFI? Pale Rider
ccman Offline
Platinum Poster
Joined: Sep 2007
Posts: 899
Thank you!

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