Discussion Paper
Same Sector, Different Stories: How CDFI Credit Union Experiences Vary by Institution Type
Abstract: Credit unions are a keystone of community banking that date back centuries. Compared to banks, credit unions are cooperative in model, which means they are governed by their membership; they provide financial and depository services to members. One hundred sixty-two community development financial institution (CDFI) credit unions responded to the Federal Reserve's 2025 CDFI Survey. This Regional Matters post captures responses across credit unions — including recent changes in demand, their capacity to meet new demand, and factors that limit their ability to expand financial services to more members. This post also highlights community relationships that have helped several respondents navigate roadblocks and expand banking and credit access.
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https://www.richmondfed.org/region_communities/regional_data_analysis/regional_matters/2026/how_cdfi_credit_union_experiences_vary_by_institution_type
Description: discussion paper
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Provider: Federal Reserve Bank of Richmond
Part of Series: Regional Matters
Publication Date: 2026-06-04