CDFI

Can anyone on this list direct me to the place on the Treasury's website
where I can find info on qualifying requirements for CDFI status
(especially as it applies to credit unions) and how to initiate the process?

Anyone out there done this? What were your goals? What was your credit
union's status prior to applying (i.e. regular or low income CU)?

What have been your results?

Thanks in advance.


-----------------
Jim Frazin
CEO
Amphlett FCU
voice: 650.343.2266
fax: 650.343.2266
$2.0M assets, 301 members
San Mateo, CA 94401

As of January 4, 1999, a community credit union!

"Shibboleth, n. [Hebrew, a stream, or flood, from shabal, to flow.]
1. In the Bible, the test word used by the Gileadites to
distinguish the escaping Ephraimites, who could not pronounce the initial
sh: Jud. xii. 6
2. Any test word or password
3. Any phrase, formula, custom, etc. considered distinctive,
as of a party, class, faction, etc."

Webster's New Universal Unabridged Dictionary, Deluxe Second Edition




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All the CDFI application files and details are at
http://www.treas.gov/cdfi/cdfiprog.html.
You may want to contact the National Federation of Community Development Credit
Unions for advice and assistance on the application details. Perhaps they can
connect you with member credit unions who've gone through the process. See
contact info on their website at www.natfed.org.

Good luck, Vanessa Lowe


James Frazin wrote:

> Can anyone on this list direct me to the place on the Treasury's website
> where I can find info on qualifying requirements for CDFI status
> (especially as it applies to credit unions) and how to initiate the process?
>
> Anyone out there done this? What were your goals? What was your credit
> union's status prior to applying (i.e. regular or low income CU)?
>
> What have been your results?
>
> Thanks in advance.
>
> -----------------
> Jim Frazin
> CEO
> Amphlett FCU
> voice: 650.343.2266
> fax: 650.343.2266
> $2.0M assets, 301 members
> San Mateo, CA 94401
>
> As of January 4, 1999, a community credit union!
>
> "Shibboleth, n. [Hebrew, a stream, or flood, from shabal, to flow.]
> 1. In the Bible, the test word used by the Gileadites to
> distinguish the escaping Ephraimites, who could not pronounce the initial
> sh: Jud. xii. 6
> 2. Any test word or password
> 3. Any phrase, formula, custom, etc. considered distinctive,
> as of a party, class, faction, etc."
>
> Webster's New Universal Unabridged Dictionary, Deluxe Second Edition





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