CU Strategic Planning Chief Strategic & Advocacy Officer Mike Beall joined us in our virtual studios to discuss the latest news on the Trump Administration's proposal to gut the CDFI fund from $258 million down to $19 million -- which has a many folks in the credit union industry concerned to say the least.
To get the inside scoop on what's going on here, Mike, who's a native of Washington, D.C., explains what's really happening and the strides that must be taken to actually see it through. Suffice to say, he remains optimistic because of the massive support CDFI has on Capitol Hill.
But we did talk hypothetically if it were to occur -- the effect it would have on credit unions and low- to moderate-income members nationwide. We also discussed what credit unions can do in the meantime to challenge the move and to be ready just in case.
Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.