Industry News

An Indigenous Credit Union Is Leaning into Mobile Banking

“We will come to you,” the CEO of Lakota Federal Credit Union tells residents of Pine Ridge Reservation. By Connie Aitcheson When Lakota Federal...

How One Credit Union Is Taking on Hawai'i's Housing Crisis

With two new lending programs, Kaua‘i Federal Credit Union is addressing hurdles to homeownership on the island. By Christopher Williams When Hazelmae...

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A St. Paul CDFI Is Now Offering Net Zero Banking. Here’s How It Works.

Sunrise Banks’ new net zero banking program lets customers put their money where their mouth is. By Hibah Ansari Once an outdoor educator, Laura...

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A Hispanic-Owned Community Bank’s Innovative Strategy for Building Affordable Homes

To cut through the red tape, Texas National Bank created its own community development corporation. It’s a promising model for developing affordable...

Black-Owned Carver Federal Bank Is Betting on Microlending.

Microloans are the latest addition to the CDFI’s toolkit for supporting minority entrepreneurs. By Christopher Williams Over the past five years...

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A Black-Owned Bank Is Disrupting Recidivism With Financial Education in Prisons

Industrial Bank is one of two American financial institutions that allows incarcerated individuals to open savings, CD and retirement accounts. By...

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The World’s Biggest Flannel Mill Sat Vacant for Decades. A CDFI Gave It New Life.

A North Carolina credit union tapped into diverse funding sources to turn the 50-acre industrial property into a mixed-use development with affordable...

This CDFI Is Helping Indigenous Artists Level Up Their Businesses

The Native American Community Development Corporation’s artist loan program has provided $35,000 to Native artists around the country. By Connie...

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In Nashville, CDFIs Are Helping Convert Motels Into Affordable Housing

A pair of mixed-income adaptive reuse projects are showing the way forward for housing conversions in the city. By Christopher Williams Nashville may...

A Strategic Bank Deposit That’s Helping Close the Racial Wealth Gap

In 1921, Optus Bank was established as South Carolina's first ever Black-owned bank. Over a century later, they’re getting a major boost from State...

Partners for the Common Good Achieves Record Social Impact in 2023

Washington, D.C. – May 2, 2024 – Partners for the Common Good (PCG) is proud to announce the release of its 2023 Social Impact Report, highlighting...

Partners for the Common Good Receives $6 Million Grant from MacKenzie Scott to Advance Economic Justice

WASHINGTON, D.C., Sept. 25, 2024 — Partners for the Common Good, a leading Community Development Financial Institution (CDFI), today announced a $6...