Rivermark Receives Community Development Certification (CDFI)
PORTLAND, OR –Rivermark Community Credit Union announced that it has been certified as a Community Development Financial Institution (CDFI) by the U.S. Department of Treasury.
CDFIs are mission driven organizations that focus on serving low-income and underserved communities. Rivermark joins 1,300+ financial institutions nationwide, and just 10 Oregon based credit unions to achieve this certification.
As a CDFI, Rivermark will have access to federal grants that can be used to reinvest in the community, further supporting its mission – Building Financial Empowerment Together.
“Words can’t express how excited I am for this opportunity to accelerate our already impactful mission-driven work,” said Seth Schaefer, President and CEO of Rivermark. “This certification will allow us to secure grants to build on our strategic pillars, including opportunities to support home ownership and low-cost loans for local veteran, women, and minority owned businesses,” continued Schaefer.
Rivermark is also dedicated to ensuring that its members have the tools and education to successfully manage their money. “As we explore grant opportunities, we are particularly interested in opportunities that help reduce financial stress,” said Ryan Halley, Rivermark’s Vice President of Financial Wellness.
For more information, visit CDFIfund.gov.