Community Development Financial Institutions (CDFIs)

City National Bank is a minority-owned and managed bank focused on building economic strength and improving the quality of life within the communities it serves. Catalyzed in 1971 when a group of African-American community leaders recognized the need for a Newark-based financial institution to serve people whose access to credit and banking services was historically limited, it now has around $2.9 million in assets.  Established to bolster economically challenged communities, its City National Urban Fund (CNUF) provides financial support to socially conscious projects that strengthen urban areas in New Jersey and New York.

Founded in 1981 by a group of area residents dissatisfied by corporate banking, Genesee Co-op Federal Credit Union now has more than 2,600 member owners with savings of $8 million.  The Co-op runs a Micro-enterprise Development Program, which provides micro-business loans, lines of credit, business training, and referrals.  The Co-op also offers free financial education services to its members. Read more about Genesee Co-op Federal Credit Union...

Established in 1931, Advantage Federal Credit Union (AFCU) currently serves over 20,000 members in the Rochester region and holds over $200 million in assets.  Focused on helping the community, AFCU funds and supports numerous foundations, nonprofits, and initiatives in the Rochester area, including student-run credit unions at local high schools and student scholarships.  The credit union also provides free financial literacy counseling and workshops to individuals, schools, employers, and community groups. Read more about Advantage Federal Credit Union...

Established in 1953 and headquartered in Indianapolis, Financial Center Federal Credit Union serves over 54,000 residents of Central Indiana.  With over $500 million in assets, the credit union offers its members free financial education seminars and discounts at local stores, and has a Latino Advisory Council to help ensure it meets the needs of Greater Indianapolis’ Latino community. Read more about Financial Center Federal Credit Union...

Established in 2000 in response to the rapid growth of blighted properties across New Orleans, CD Capital aims to revitalize communities, provide affordable housing, bring properties back into use, improve the tax base, and strengthen the local economy of New Orleans and Louisiana.  To do so, the CDFI finances the development of multi-family, commercial and mixed-use real estate, and the creation and preservation of housing, particularly affordable housing.  Since its formation, CD Capital has created a loan pool of roughly $1.7 million and supported the development of over 1,500 affordabl Read more about CD Capital...

Founded in Oakland in 1996, Community Bank of the Bay is a community bank serving Oakland, Danville, San Mateo and San Jose, California.  As the state’s first CDFI bank, its mission is to make a positive and sustainable economic impact.  With $128 million in assets, the bank focuses on providing financing to small businesses and nonprofits.  In 2007, it created a special fund, the Bay Area Green Fund (BAGF), to finance groups that are contributing to a sustainable economy.  The bank relocated its Oakland headquarters to an Energy Star and LEED certified building in 2013. Read more about Community Bank of the Bay...

Headquartered in Milwaukee and with ATMs in several Milwaukee-based cooperatives, Brewery Credit Union (BCU) was established to provide superior financial service while economically empowering its members and community. As of 2013, it held more than $35.8 million in assets. Dedicated to consumer education, BCU has a range of tools to educate its members and the public about financial topics as well as credit union philosophy, values, and uniqueness. Read more about Brewery Credit Union...