CapNexus Helps Connect CDFI Banks and Credit Unions

CapNexus
Tuesday, July 28, 2015

CapNexus, an online community development finance matching system, is helping CDFI banks make their Bank Enterprise Awards (BEA) applications more competitive. The BEA Program rewards banks that support community development -- in part by giving the highest funding priority for banks' CDFI support activities, including placing deposits in CDFI-certified credit unions. The new service, created in partnership with CDBA and the National Federation of Community Development Credit Unions, automatically matches banks seeking to place deposits with CDFI credit unions looking for deposits. Sign up to place or receive a BEA eligible deposit here.