Tuesday, March 3, 2015 1:15 pm
Focus Federal Credit Union recently received notification from the U.S. Department of the Treasury that it has met the requirements for Community Development Financial Institutions (CDFI) certification by that organization. This is a significant designation since Focus is the only Oklahoma City credit union to hold this designation and only one of two credit unions in the state of Oklahoma to attain that status.
A CDFI is a specialized financial institution that fosters community development and provides a variety of financial products and services to populations that are underserved by traditional financial institutions. Products and services currently available through Focus Federal Credit Union include Savings, Club Accounts, Certificates of Deposit, Mortgages, Credit Builder and Rebuilder loans, Direct Deposit, Financial Education, and Volunteer Income Tax Assistance (VITA). Focus FCU is also part of a large ATM and Shared Branching network.
Focus FCU also offers credit counseling for those who lack credit or have poor credit. Without these services, many adults would go without key resources to help improve their lives. For many unbanked individuals who have been declined loans and/or access to financial services, Focus FCU has opened the door to new opportunities. "Helping people achieve their financial goals is our primary mission at Focus Federal Credit Union, and together with our members and community partners, CDFI certification will allow us to strengthen our efforts to reach those most in need of accessible and affordable financial products and services," said Kyle Roush, President and CEO of Focus Federal Credit Union. The CDFI Certification will allow us to do just that!”
About Focus Federal Credit Union: Focus Federal Credit Union has been providing a financial alternative to Oklahomans for almost 60 years. The credit union’s CDFI certification positions Focus FCU to continue making a difference for people who live, work, worship, attend school or volunteer in Canadian, Cleveland, Grady, Lincoln, Logan, McClain and Oklahoma counties. With CDFI designation, the credit union is well positioned to seek additional support to enhance services for its membership. Visit Focus FCU online at www.focusok.com.