Financial Intermediaries: The Middleman with a Heart
The role of financial or community development intermediaries is to channel funding from public and private sources to organizations that are members of their respective networks.
Intermediary funding is typically allocated to projects for very specific program purposes, with the further expectation that national funds will leverage additional local program support.
As credit unions continue to reach out to new, underserved markets or engage in community development activities, financial intermediaries such as those listed, below, have the potential to become valued partners at the local level.
The Enterprise Foundation Supports more than 1200 community-based nonprofits creating homes affordable to low-income Americans
National Cooperative Bank Multifaceted financial services company that enables cooperative endeavors throughout America to grow and succeed
National Federation of Community Development Credit Unions Helps community development credit unions (CDCUs) provide affordable loans, secure savings, basic financial education and other vital services to low-income and minority consumers who might otherwise fall victim to predatory financial services
Neighborhood Reinvestment Corporation Creates and supports a national network of community-based partnerships, develops and implements strategies that contribute to community development, and strives to revitalize distressed communities by mobilizing resources at the neighborhood level