What it Means to be a CDFI
Community Development Financial Institutions - or CDFIs - are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities.
CDFIs invest in local communities and the residents who live there by providing critically needed financing often unavailable from mainstream financial institutions.
Treasury-Certified
NuVista is certified by the U.S. Department of the Treasury's CDFI Fund, ensuring we meet strict standards for serving our community and members.
Member-Focused Mission
Our primary mission is promoting community development. All CDFIs share a common mission of serving low-income communities.
Community Accountability
We're accountable to you and your community, ensuring your money stays local and supports the economic growth that benefits everyone.
Access to Resources
Certified CDFIs are part of a national network promoting economic growth in America's underserved communities by financing businesses, creating jobs, and rebuilding neighborhoods.
How CDFI Benefits You
When you bank with NuVista, you're not just a customer - you're part of a mission-driven financial institution that reinvests in your community. This means better loan options, competitive rates, personalized service, and the knowledge that your money is helping create jobs, support local businesses, and strengthen the economy where you live and work.
How CDFI Awards Benefit Members
When NuVista receives CDFI Fund awards, we use them to enhance our services and offer better financial products that directly benefit you.
Better Rates & Services
Grant programs help us strengthen our financial position, allowing us to offer you more competitive rates on loans and higher yields on savings.
More Loan Options
Tax credit programs enable us to provide more flexible loan terms and financing options, especially for small businesses and community projects that benefit you.
Long-Term Stability
Bond guarantee programs provide us with stable, long-term capital, ensuring we can continue serving you and your community for years to come.
Proven Excellence
Our CDFI certification means we've passed rigorous federal review, demonstrating our commitment to financial excellence and community service.
What This Means For You: As a CDFI, NuVista Federal Credit Union is dedicated to serving the residents and businesses of our communities that historically lack access to financial services to encourage our community to participate in the mainstream economy.
How CDFI Benefits Your Community
When you bank with NuVista, your membership supports community development that creates jobs, builds affordable housing, and strengthens the local economy where you live.
Affordable Housing
As a NuVista member, you benefit from our focus on affordable housing, which helps stabilize property values and creates stronger neighborhoods where you live.
Small Business Growth
Your membership helps us support local businesses, which creates jobs, increases local spending, and strengthens the economy that benefits you and your family.
Community Facilities
We help finance community facilities like schools and health centers that improve your quality of life and make your community a better place to live.
Fair Financial Services
You get access to fair, affordable financial services without the high fees and predatory practices found at payday lenders and other alternative financial services.
How The Awards Benefit Our Communities
$1.8 Million Awarded to NuVista
In 2021, NuVista was awarded $1.8 million in Rapid Response Funding (RRF) from the CDFI Fund. We quickly dispersed all $1.8 million (plus an additional $1 million) in loans to local, small businesses in need of financial assistance due to the COVID-19 pandemic.
Important: These funds were not related to the Paycheck Protection Program and were available to our communities through our CDFI designation.
Your Money Stays Local
When you bank with NuVista, your deposits stay in your community, supporting local businesses and creating economic opportunities that benefit you directly.
Personalized Member Service
As a CDFI, we're committed to understanding your unique financial needs and providing personalized service that helps you achieve your goals.