The Rising Influence of CDFI Credit Unions
The July edition of "The Future of CDFIs" webinar series explored The Rising Influence of Community Development Credit Unions (CDCUs) within the broader CDFI sector. Moderated by Mark Pinsky, the session featured insights from Alexis Iwanisziw (Inclusiv), Chris Moczynski (Prime Financial Credit Union), and Judy DeHaro (FirstLight Federal Credit Union). The panel discussed the rapid growth of CDCUs—highlighting that credit unions originated over 68% of reported CDFI financing in FY2023—and examined recent shifts in certification numbers. Speakers shared how their member-owned cooperative models drive targeted community impact through second-chance accounts, small-dollar express loans, bilingual financial coaching, and affordable homeownership programs. Additionally, the speakers addressed navigating the current regulatory climate and emphasized how the CDFI mission is embedded in their operational DNA.