Some community development credit union officials said that they rely on the funds provided by the Community Development Financial Institutions Fund (CDFI) to help provide start-up loans to businesses.
However, the Trump Administration has proposed killing the CDFI program as part of its effort to decrease funding for domestic programs in favor of a large boost in defense spending.
"It will be very tragic if, during the next four years, this program goes away," said Cheryl Fatnassi, CEO of Opportunities Credit Union in Winooski, Vt.
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