The Federal Reserve Bank of New York released “Sizing the Community Development Financial Institution Industry: 2011-2025”, an updated assessment of the Community Development Financial Institution (CDFI) sector, reporting a modest contraction after years of growth. Across all certified CDFIs, assets declined 3% from Q4 2023 to Q2 2025 and the number of institutions fell 6% over the same period. The reduction was largely attributed to fewer CDFI-certified credit unions between 2023 and 2025, with their assets down USD 18 billion. As of Q2 2025, 1,378 certified CDFIs held USD 446 billion in assets, with credit unions accounting for USD 277 billion, about 62% of the total; certified loan funds represented the largest group by count at 41%, compared with a 62% peak in 2011. The analysis updates a 2023 New York Fed report using more comprehensive data and a longer time series, and sits alongside related Community Development research on CDFI loan origination and sales and on building a more robust secondary market for CDFI-originated loans.
Federal Reserve Bank of New York 2026-02-11
Federal Reserve Bank of New York report finds CDFI assets down 3% and institution count down 6% through Q2 2025
The Federal Reserve Bank of New York's updated report on the Community Development Financial Institution (CDFI) sector reveals a 3% asset decline and a 6% reduction in the number of institutions from Q4 2023 to Q2 2025, primarily due to fewer CDFI-certified credit unions. As of Q2 2025, 1,378 certified CDFIs held USD 446 billion in assets, with credit unions comprising 62% of this total.