What is a CDFI?
Community Development Financial Institutions (CDFIs) are mission-driven financial institutions (Coloramo Federal Credit Union) that provide affordable lending and financial services in communities that are underserved. Their goal is to expand access to credit, capital, and financial services to help individuals, small businesses, and communities thrive.
What is a CDFI Advisory Board?
A CDFI Advisory Board is made up of community representatives who provide input, feedback, and guidance to ensure the CDFI stays aligned with local needs. The board helps identify barriers to financial access, advises on products and services that would best serve low-income or underserved populations, and ensures community voices are included in the institution’s planning and decision-making.
Since 1953, our mission has been to Build lifelong member relationships to help our members meet their needs of today and reach their dreams for tomorrow.
We are a not-for-profit, member-owned financial cooperative, founded in Grand Junction and still locally owned and operated in Western Colorado.
When you open an account with Coloramo, your one-time $1 contribution to your savings account represents your ownership in the Credit Union.
You can easily become a member & join our Credit Union family today!
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