Q: If the credit union is using CDFI to determine a “qualified underserved area” does the said credit union still need to provide specifics regarding the depository/non-depository facilities in that area?
The credit union does not need to provide specific information on depository and non-depository facilities in the area. NCUA has resources to identify these institutions and will use that information to perform the Depository Facilities Test. You can email DCAmail@ncua.gov
or call 703-518-1150 if you have questions on this process.