CLEARWATER, Fla.–The National Federation of Community Development Credit Unions has introduced a new name: Inclusiv.
The association said the Inclusiv name grows out of its commitment to financial inclusion and its dedication to ensuring access to responsible financial products and services delivered at an affordable cost in a fair and transparent manner. The announcement was made at the organization's Annual Conference in Clearwater, Fla.
“For decades, the Federation and community development credit unions have been building trust and delivering relevant products to underserved people with dignity and respect,” said Cathie Mahon, president and CEO of Inclusiv, in a statement. “Inclusiv will build on the 44-year legacy of the Federation to grow the visibility and impact of mission-driven credit unions. We believe that financial inclusion and empowerment is a fundamental right. Today we recognize the purpose and impact of our organization and our member community development credit unions by sharing with you a name that keeps our shared mission front and center."
Mission Unchanged
According to the organization, the mission of Inclusiv remains unchanged: to help low- and moderate-income people and communities achieve financial independence through credit unions.
“Inclusiv closes the gaps and removes barriers to financial opportunities for distressed and underserved communities by providing capital, making connections, building capacity, developing innovative products and services, and advocating for community development credit unions,” it said. “ The organization has renamed its programs and initiatives to reflect Inclusiv's mission of promoting inclusive financial solutions.”
Other Name Changes
Among those programs:
- Community Development Investment Program, which offers secondary capital to community development credit unions in the form of subordinated, long-term loans that can be leveraged by growing credit unions, is now Inclusiv/Capital
- The CDCU Mortgage Center, which offers members a secondary market for mortgage loans, is now Inclusiv/Mortgage
- CU Breakthrough Consulting and Technical Assistance, which works with members to strengthen their capacity, obtain certifications and grants, and identify and implement sustainable strategies for growth, is now Inclusiv/Network
- CU Impact, a platform for robust back-office accounting, processing and compliance support that also measures and reports on community impact, is now Inclusiv/Technology