In many cases, Native CDFIs are the first encounter Native families and individuals have with a financial institution. Native CDFIs help families reach financial stability through education, credit building, and savings.
Because Native CDFIs serve a large unbanked population, staff will frequently refer program participants to a nearby bank or credit union to open their first account and deposit money as part of a savings plan. Many of these new potential customers are the first in their generation to break a cycle of poverty and move toward building a life of self-determined economic prosperity and stability.
Other services and products, like youth savings accounts, financial education, and planning for college and other future events, widen the range of options, possibilities, and opportunities for families to choose for themselves and generations to come.