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BEA Success Stories for CapNexus Posted Opportunities!

Success Story
Event DateSeptember 20th, 2019

BEA Success Stories for CapNexus Posted Opportunities!

 

This week, the U.S. Treasury Department announced $25.2 million in Bank Enterprise Awards (BEA) by the US Treasury Department’s Community Development Financial Institutions (CDFI) Fund. This amount includes 38 CDFI certified banks receiving the award for their efforts to channel $19.4 million of deposits into 18 CDFI credit unions to support their lending in distressed communities. 

How did the banks and credit unions find each other?  Using the online CapNexus platform hosted by Partners for the Common Good, Community Development Bankers Association and Inclusiv worked together to play matchmaker between CDFI banks participating in the BEA Program and CDFI credit unions seeking deposits.

 

Here’s to great partnerships and the utilization of CapNexus!

 

View the attached full press release.