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.

What makes a digital signature legal?

You may also like

SEC Changes to Enforce Tougher Custody Rules for Broker-Dealers
SEC Changes to Enforce Tougher Custody Rules for Broker-Dealers
20 September, 2013

The SEC has adopted some important changes to broker-dealer reporting rules. The changes are meant to enhance oversight ...

The Credit Union Guide to Recent Regulation Z Changes
The Credit Union Guide to Recent Regulation Z Changes
29 January, 2013

January has been a big month for the Consumer Financial Protection Bureau (CFPB). The bureau published final rules on Re...

Is Your Credit Union Ready to Address Liquidity Shortfalls?
Is Your Credit Union Ready to Address Liquidity Shortfalls?
8 January, 2014

Today we're bringing you another guest blog post from our friends over at Credit Union Resources. Bob Rehm, VP, Sales an...