NCIF Cited in CDFI Fund Report

In late February, the CDFI Fund a report that focuses on CDFI banks and credit unions in a comparative analysis of failure risk and operational efficiency relative to mainstream financial institutions. The report finds that these depository CDFIs are no more likely to fail than mainstream financial institutions. Additionally, despite their higher concentration in low-income markets, the CDFIs have similar performance levels to mainstream institutions. The report draws on NCIF’s analysis of Social Performance Metrics to demonstrate the greater social impact of CDFI banks beyond mainstream institutions. Read it here.