Credit unions meet with Rep. Crenshaw on CDFI funding

The League facilitated a meeting this week between Rep. Ander Crenshaw (R-FL) and two credit unions to discuss funding for the Community Development Financial Institutions (CDFI) grants. Suncoast Credit Union, based in Tampa, and VyStar Credit Union, based in Jacksonville, talked with Rep. Crenshaw about how more credit unions are applying for the grants, using […]

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l to r: Tom Dorety, CEO of Suncoast CU, Jennifer Martin, LSCU director of governmental affairs, Rep. Ander Crenshaw, and Terry West, CEO of VyStar CU

The League facilitated a meeting this week between Rep. Ander Crenshaw (R-FL) and two credit unions to discuss funding for the Community Development Financial Institutions (CDFI) grants. Suncoast Credit Union, based in Tampa, and VyStar Credit Union, based in Jacksonville, talked with Rep. Crenshaw about how more credit unions are applying for the grants, using them to offer new products and services to low income members, and helping to train staff.

Rep. Crenshaw is the chairman of the Financial Services and General Government Appropriations subcommittee. The CDFI funds flow through his subcommittee. The League is working with Alabama and Florida credit unions to not only help them become low-income designated, but to assist in applying for grants.

If you have any questions about CDFI certification, contact LSCU VP of Cooperative Initiatives Laura Vann at 866.231.0545 ext. 2181.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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