As the Trump Administration rescinded its government shutdown-induced reduction in force plans at the Community Development Financial Institutions Fund, America’s Credit Unions President/CEO Scott Simpson released the following statement:
“On behalf of the nearly 500 CDFI-certified credit unions and their members, America’s Credit Unions thanks the administration for acknowledging the importance of the CDFI Fund and continuing its workforce. We are grateful to the congressional leaders who championed the fund and fought alongside us to protect it. Our unified advocacy made clear that communities across the country rely on CDFIs to spur business investment, innovation, affordable housing developments, and more. These credit unions are essential to the financial resiliency and vibrancy of our country, and we look forward to continuing to work with the administration to strengthen the effectiveness of the fund.” — Scott Simpson, America’s Credit Unions President/CEO
America’s Credit Unions is a leader in CDFI Fund advocacy, fighting for funding and reforms to maintain its effectiveness. Credit unions represent the largest group of financial institutions within the CDFI Fund, reflecting the movement’s mission to serve those left behind by traditional finance structures. As not-for-profit, member-owned cooperatives, CDFI credit unions deliver affordable products, expand access to capital, and create opportunity in communities across the country.
Throughout 2025, America’s Credit Unions has made preserving and strengthening the Fund a top priority, engaging in a sustained advocacy campaign that includes:
- Sending 13 letters to Capitol Hill and 9 letters to the Administration supporting the CDFI Fund;
- Two high-level meetings with Treasury officials focused specifically on the Fund’s future;
- Targeted outreach campaigns mobilizing CDFI advocates nationwide; and
- Published multiple op-eds and public communications highlighting the Fund’s economic impact.
Most recently, the organization helped secure broad participation in the Crapo-Kim letter through direct outreach and collaboration with the Congressional CDFI Caucus, Inclusiv, and state leagues. The letter, signed by more than 100 Republican Members of Congress, underscores the CDFI Fund’s vital role in supporting economic development in rural and underserved communities across the nation.