Reports Indicate Treasury RIF Eliminates All CDFI Fund Staff

The Trump Administration announced Friday that permanent reduction-in-force (RIF) plans are being implemented, and reports indicate the Treasury Department’s plan eliminates all staff of the Community Development Financial Institutions (CDFI) Fund. The move would effectively halt the Fund’s operations, which play a critical role in supporting community development and access to financial services nationwide.

The CDFI Fund supports mission-driven financial institutions serving underserved communities, including 444 credit unions currently certified as CDFIs, with nearly 55 operating within The League’s footprint. Eliminating the Fund’s staff would significantly disrupt programs that help credit unions provide affordable lending, promote financial inclusion, and strengthen local economies.

The League will continue monitoring developments and providing resources to help credit unions support members during the ongoing shutdown. For more information, contact Ibby Dickson.