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CDFI Certification: A Ticket to Resources and Deeper Community Partnerships

September 8, 2022 // 11 am CT
Online

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The CDFI certification has become an essential credential for credit unions serving financially underserved communities. It provides access to the single most significant source of external capital available to credit unions: the CDFI Fund.

Last year alone:

  • 244 CUs received $403M in Rapid Response Program awards,
  • 13 received $2.8M to scale up small-dollar loans,
  • 94 received $11.7M in Technical Assistance grants,
  • 66 more received $39M in Financial Assistance grants, and
  • 85 CUs received over $2 billion from the Treasury Department

The millions of dollars allocated to credit unions this year have almost doubled the total amount our industry has received since the inception of the CDFI Fund in 1996. These funding opportunities are available to increase institutional capacity to help credit unions provide affordable, responsible and sustainable financial products and services to Low-to-moderate income communities. Learn how to obtain the certification and compete for these resources.

This session is Council member-only.  Only register if you are a current CUNA Councils member.  

Meet Your Speaker:

Speaker Image

Pablo DeFilippi Pablo DeFilippi

Executive VP

Inclusiv Credit Union Network

Pablo DeFilippi is currently Executive VP at the Inclusiv Credit Union Network, a national, nonprofit association of over 400 credit unions and CDFI intermediary that represents supports and invests in credit unions serving predominantly low-income, financially underserved communities.

DeFilippi has more than 25 years of experience in community finance and financial inclusion working with regulated financial institutions both in the domestic and international arena. Throughout his career, DeFilippi has implemented, promoted, or scaled several important initiatives aimed to expanding access to affordable, responsible, and sustainable solutions to the financial needs of low and moderate-income consumers.

Originally from Chile, DeFilippi has devoted his career to promoting financial inclusion and the economic revitalization of financially underserved communities, first as CEO of the Lower East Side People’s FCU (LESPFCU) an iconic and nationally recognized community development credit union serving Hispanics and other financially underserved populations in the New York City area, and later managing the World Council of Credit Unions, Inc. (WOCCU)’s International Remittance Program (IRnet), a world- wide initiative to provide alternative remittance services to consumers both in the US and in recipient countries through the credit union system.    

Mr. DeFilippi has been the recipient of numerous industry recognitions. Most recently he received the President’s Award from the Asociación de Ejecutivos de Cooperativas de Puerto Rico and the DEI Trailblazer Award from the African American Credit Union Coalition.

Mr. DeFilippi speaks regularly at credit union industry events and is a recognized subject matter expert in community development, financial inclusion, and DEI. He’s often interviewed by the credit union trade press and general media and has contributed to several research studies.

Mr. DeFilippi is based in Madison, WI, where he also acts as a liaison with CUNA, CUNA Mutual Group, CUES, Filene, and other credit union organizations.  DeFilippi holds a B.A. in Social Studies from Universidad de Chile, as well as a Professional Accounting Certificates from Baruch College and New York University.  He has a Master of Business Administration from Pace University and is a graduate of CUNA’s Management School and NCUF’s Social Impact Management Institute. He is also a Credit Union Development Educator (CUDE), class of 2006 and a UK Credit Union Development Educator, class of 2008.  He’s currently pursuing a DE&I Certificate from Cornell University.

DeFilippi is married to Marisol, a schoolteacher and has two daughters: Sarah (20) and Bianca (18).

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