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Community Reinvestment Fund, USA and National Federation of Community Development Credit Unions Partner on a Business Lending Solution

Minneapolis, MN – (September 20, 2015) The National Federation of Community Development Credit Unions (Federation) announces a partnership with the Minneapolis-based Community Reinvestment Fund, USA (CRF) to provide a Small Business Administration (SBA)-compliant business lending solution beneficial to credit unions originating small SBA loans between $25,000 and $5,000,000. The software, developed by CRF, facilitates the origination process–from application to closing–for lender and borrower. Five credit unions, including Alternatives Federal Credit union, Lower East Side Peoples Credit Union, Neighborhood Trust Federal Credit Union, Case Credit Union and Dakota Plains Credit Union, are currently beta-testing the software in a credit union environment.

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