Ideally, a CDFI board helps govern the organization, attract resources, as well as maintain accountability to the target market. This poses extra challenges for board recruitment, as board members must have the ability to make management decisions while balancing the needs of the target market. In order to provide insight into board recruitment, FUND Consulting […]
The FDIC recently released the results of its second National Survey of Unbanked and Underbanked Households. Among some of the study’s notable findings: ● 28.3 percent of U.S. households are either unbanked (8.2%) or underbanked (20.1%) ● Unbanked and underbanked households are more prevalent among non-Asian minorities: 55.3% of black households; 48.7% of Hispanic households, […]
Earlier this year CFED released its 2012 Asset & Opportunity Scorecard, which provides a comprehensive set of data on the financial security of U.S. households and highlights how the recession has affected the long-term financial security of Americans: “27 percent of households – nearly double the percentage that are income poor – are living in […]