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NCIF coined the term Community Development Banking Institution (CDBI) to expand the asset class of developmentally oriented depository institutions. The term CDBI is used to describe depository institutions that walk, talk and act like CDFIs, but are not necessarily certified by the federal government.
As defined by NCIF, the CDBI industry consists of those depository institutions—including but not limited to CDFIs and minority-owned institutions—that provide needed banking products and services in economically distressed communities. NCIF feels that it is important to recognize the community development work of these institutions and increase the capital available to the sector.
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NCIF is the only private sector, non-profit investment fund dedicated to providing patient capital to CDBIs.
Source: http://www.fdic.gov. Information as of 6/30/2007
NCIf speculates that of the 8,625 banks and thrifts there are several hundred that could be certified as CDFIs by virtue of their superior community development impact. To illustrate this point, this diagram starts with the universe of banks and thrifts, and shows how minority depository institutions (MDI), CDFIs and CDBIs fit within that universe. While the numbers of MDIs and CDFIs are well established, the number of CDBIs as defined by NCIF is less clear.
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