WASHINGTON -- The Treasury Department informed the Office of Management and Budget that all 11 CDFI programs are statutory. America's Credit Unions President/CEO Jim Nussle had this to say on the announcement:

“America’s Credit Unions is pleased Treasury confirmed to OMB that all 11 CDFI programs are statutory and listened to our feedback on how important the programs are to communities across America. With over 500 CDFI certified credit unions, it reflects the industry’s mission of providing safe and secure financial services so millions of people can achieve financial well-being. America’s Credit Unions is not letting the foot off the gas and will continue to engage with the White House, Treasury, and other stakeholders so that families can reach their American Dream in a prosperous economy.” – Jim Nussle, America’s Credit Unions President/CEO

America’s Credit Unions Chief Advocacy Officer Carrie Hunt met with OMB officials this week to discuss ongoing CDFI issues, including emphasizing that credit unions generate $12 in private capital for every federal dollar awarded.