Tag: life event loans

How credit unions can maximize financial inclusion for members

Financial Inclusion
Here is a statistic to grab your attention: Underserved consumers spent $189 billion on fees and interest across five financial product categories in 2018 that included short-term credit. It shouldn’t come as a surprise when the Center for Financial Services Innovation (CFSI) estimates that 57 percent of consumers in the United States, 138 million adults, […]
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credit unions

How CDFIs represent what is possible for underserved communities

Financial Inclusion
“CDFIs, at the heart of it, are community lenders. If you think about where banks step out, CDFIs step in. They deliver responsible capital where it is needed in a very place-based, community-first approach. Most CDFIs are nonprofits and there is tremendous alignment around ensuring their borrowers are successful. They win when community wins.”  Catherine Berman, […]
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