Telling the Community Development Banking Story: 2010 Annual Impact Report
In order to tell the story of community development banking, NCIF uses the reporting from our investee banks to draw attention to the critical financial products and services that all CDBIs are providing access to in distressed communities throughout the country. This report contains both quantitative data based on NCIF's Social Performance Metrics and qualitative data to demonstrate the significant impact generated by the CDBIs in which NCIF has direct investments.
This year's analysis reveals that CDFI Banks score three to four times higher than all domestic banks in both of NCIF's core Social Performance Metrics: the DLI-HMDA and DDI. Since NCIF began tracking the activities of its portfolio institutions in 1998, they have generated $5.4 billion in 109,029 loans that are geo-coded and tracked to low- and moderate- income communities or low income borrowers. For FY2010, the development banks and credit unions in NCIF‟s portfolio originated 8,264 new development loans amounting to $490.1 million. By telling the story of the mission-oriented banking industry, we not only hope to highlight the work that they do, but to improve upon the current data collection efforts for the industry. NCIF is hopeful that we will be able to tell a more compelling impact story to potential customers, investors and supporters.
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