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Federation Offers Webinar on Mandatory Reporting for Certified CDFIs
Friday, March 11, 2016 6:30 AM

The CDFI Fund is implementing a mandatory Annual Certification Report to be completed by all certified CDFIs. All CDFI certified credit unions will be required to complete this new report to remain in compliance with CDFI Fund rules and to maintain your credit union's CDFI certification.

The Federation and its CU Breakthrough team can help you navigate this new reporting requirement. You are invited to a webinar on May 4 when the Federation will provide CDFI credit unions with guidelines for understanding and completing this new required reporting in the most efficient way possible. Click here to register for this webinar.

CDFI credit unions are expected to use the NCUA fiscal year for reporting purposes, since these annual reports will draw heavily from year-end call report data (as of December 31st). As a result, the deadline for CDFI Credit unions to complete the new Annual Certification Report will be July 31, 2016.

Click here to see the Fund's announcement about the new reporting requirement.

Beware of other organizations' claims of helping your credit union certify or recertify for a period of more than one year. This new reporting requirement will require certification on an annual basis.

If you have any questions about CDFI certification or the May 4 Annual Certification Reporting webinar, please contact Jules Hebert at The Annual Certification Reporting webinar is free to members; non-member credit unions may attend this webinar at a cost of $99.

PS: For members interested in applying for CDFI Fund grants of up to $2 million, please attend today's (Friday, March 11), webinar on how to develop the most competitive application possible.