The big banks aren't the only game in town.

The trend is moving toward relationship-based lending where some funders look at your character and impact, not just a FICO score.

Have you ever applied to a CDFI or local credit union? Share your experience below.

#FinancialInclusion #CommunityLending

Public hearing on HB344 splits bankers and volunteer fire departments over credit union access to public deposits A public hearing on House Bill 344 drew bankers warning of competitive and tax issues if credit unions can accept volunteer fire department public deposits, while volunteer firefighters and local officials said the bill addresses convenience, recruitment and small savings. The chair carried the bill over for later consideration.

House Bill 344 could reshape how volunteer fire departments access funds, igniting a fierce debate between bankers and community leaders over financial fairness and operational efficiency.

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#AL #CommunityLending #PublicSafety

Committee reviews H.648 edits to bank governance and loan-approval rules DFR staff told the House Commerce & Economic Development Committee that H.648 reduces routine board meeting frequency for banks, requires written loan policies to set board-approval thresholds (replacing a 10% capital rule), and clarifies loan-attribution tests and a corporate-group cap to ease lending for development projects.

Vermont's H.648 could revolutionize bank governance by allowing boards to meet just four times a year, but will it compromise depositor protection?

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#VT #CommunityLending #RegulatoryReform #VermontBanking #FinancialGovernance #CitizenPortal

House subcommittee hears witnesses on 'rightsizing' U.S. bank capital framework amid debate over competitiveness and community lending A House Financial Services subcommittee hearing reviewed proposals to recalibrate U.S. bank capital rules, with industry witnesses urging data‑driven tailoring to avoid harming small businesses and community banks and academics warning of systemic risks if capital is weakened.

A heated debate unfolds as a House subcommittee weighs the future of U.S. bank capital rules, balancing safety and access to credit for small businesses and homeowners.

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#US #CommunityLending #USBanking #FinancialStability #EconomicTradeoffs #CitizenPortal

How to Tap Into Corporate Giving Plus, the power of community lenders in disaster recovery; and tips for preventing burnout

#Nonprofit #Corporate #Partnership, #CommunityLending, #EmployeeBurnout (1); #GrantWriting (2-3) & #Accounting (4-6) #Resource Links: ow.ly/HJ8t50V3HEb ow.ly/jTZk50V3HEe ow.ly/tHl450V3HEc ow.ly/uoWC50V3HEo ow.ly/QOTr50V3HEg ow.ly/GjL350V3HEi