More than 170 credit unions required to re-certify by April 1

More than 170 credit unions will be required to apply for recertification with the Community Development Financial Institutions Fund (CDFI Fund) this year, and more than half are required to submit their application packages by April 1.

CDFI Fund announced that all Community Development Financial Institutions (CDFIs) certified before February 1, 2010 must apply for recertification no later than April 1.

The recertification requirement includes CDFIs in the process of submitting applications under the fiscal year 2013 rounds of the CDFI Program or Native American CDFI Assistance Program.

The National Federation of Community Development Credit Unions says that though application looks daunting, the basic requirements haven’t changed. Click here to read more.