At the conclusion of the federal government shutdown, the Trump Administration announced a recission of the reductions in force (RIF) for the Treasury Department’s Community Development Financial Institutions (CDFI) Fund. The CDFI Fund is a government program that supports and promotes economic development and revitalization in low-income communities through certified CDFI financial institutions including credit unions.
In a letter to Treasury Secretary Scott Bessent dated October 23rd, the entire Nebraska Congressional Delegation joined 98 of their colleagues in the House and Senate to affirm their support for the CDFI and the positive impacts it has on communities through credit unions and other financial institutions that are certified CDFI’s. Nationwide, credit unions make up the largest number of certified CDFI’s.
“Credit unions are critical to economic development projects throughout the communities they serve and the CDFI is an important tool that assists with those important projects. We thank Congressman Bacon, Flood, Smith and Senators Fischer and Ricketts for their support of the CDFI”, said Brandon Luetkenhaus, President/CEO of the Nebraska Credit Union League.
