The National Federation of Community Development Credit Unions has joined with two other community development institutions to hail some recent trends in the field.
The National Federation, Social Investment Forum and Green America cited rising participation from consumers, heightened interest among investment firms and growing awareness of community investing successes as reasons community investment is expanding.
The institutions defined community investing as "capital from investors and lenders that is directed, typically via community development financial institutions (CDFIs) and other community investing institutions, to communities and individuals that are underserved by traditional financial services." And it reported that assets in community investing institutions grew 60% from $25 billion in 2007 to $41.7 billion as of the start of 2010, the most recent date for which data had been reported.
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