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Background

History of the Community Reinvestment Initiative

The Community Reinvestment Initiative (CRI) was conceived early in 2004 by the Michigan Credit Union League (MCUL) as a way to combat growing criticism by the banking industry, community groups and some members of Congress that credit unions had strayed from their original social mission. CRI was also seen as an opportunity for expanding credit unions’ good works on behalf of members and their communities. 

Since its inception, CRI has focused on two primary objectives:

• The first objective is to develop ways to document and track existing practices of Michigan credit unions related to fulfillment of their social mission; and to report that information to key audiences.
• The second objective, in partnership with the state of Michigan, is to develop additional programs to strengthen Michigan communities by expanding services to underserved communities and people of modest means.

The CRI Reports detail Michigan credit unions' success in their outreach efforts.  Please click here to access the CRI aggregate report.