Federal Government recognizes key role of community development financial institutions.
Hard-working members of our area have not received the economic opportunities they deserve. Casebine Community Credit Union is working to make a difference in the lives of our members, consumers, and our community.
The U.S. Treasury Department’s Community Development Financial Institutions Fund recently certified Casebine Community Credit Union as a Community Development Financial Institution (CDFI). This designation is available only to organizations that have proven they provide financial services and products in communities that historically have lacked access to traditional banking services. CDFI Certification is granted with the purpose of generating economic growth and opportunity in some of our nation’s most distressed communities.
“This certification will allow Casebine to enhance our low to moderate-income services,” said President/CEO Lynda Hild. “Casebine is committed to the communities we serve, and we are actively engaged in encouraging economic development. We are grateful for the opportunity to further serve our entire field of membership.”
The CDFI Fund was established in 1994 to boost lending and community development through certified CDFI lenders, allowing them to expand their reach into economically distressed areas and underserved communities. CDFI Certification opens opportunities for institutions to access CDFI Fund grants, which must be used to support financially vulnerable residents and communities.
Hild further explained, “Development Services represent part of the fabric of credit union culture and philosophy and is both intrinsic to the credit union’s daily activities and essential to Southeast Iowa and West Central Illinois, whose populations often struggle to make ends meet with low incomes or an unfamiliarity with the basic building blocks of the American financial system. CDFI Certification gives financial institutions like Casebine access to tools to help our communities.”
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About Casebine Community Credit Union
Casebine Community Credit Union has served the Burlington area since 1949. Originally chartered for and by employees of CASE Company in Burlington, IA, Casebine has expanded to serve anyone who lives or works in Des Moines, Lee, Henry, or Louisa Counties in Iowa and Henderson or Hancock Counties in Illinois with the mission to enhance both members’ and employees’ lives through exceptional personal and financial services.
Casebine is a full-service, member-owned financial institution. Offering products ranging from savings and checking accounts to auto and home loans and more. More information can be found at www.casebine.com .