Database Criteria for Inclusion

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The Community Investment Database represents a subset of the more than 1000 Community Investment Institutions (CIIs) that operate today. The Social Investment Forum Foundation and Co-op America are committed to increasing the number of CIIs in this database, and encourage CIIs to meet the criteria below:

1. Become a member of the Social Investment Forum and/or affiliated with Calvert Foundation and/or affiliated with one of the CDFI Data Project partners. These institutions are the leading organizations gathering information on CIIs, and their individual datasets are combined to make this database.

  • The Social Investment Forum (SIF) is the national, nonprofit trade association for socially responsible investment professionals, with an active Community Investing Program. CIIs interested in becoming a part of the database should consider joining SIF, as the organization works to ensure its members are included and promoted in this database. For more information, visit www.socialinvest.org.

  • Calvert Foundation is a leading community development institution that invests in over 180 CIIs around the world. Being in Calvert Foundation’s portfolio gives a CII the opportunity to be part of this database. For more information, visit www.calvertfoundation.org.

  • The CDFI Data Project is a collaboration of eight leading trade associations and intermediaries that work with Community Development Financial Institutions (CDFIs) to ensure access to data and attract resources to the CDFI field. Being a member of one of the CDFI Data Project partners (below) gives a CDFI the opportunity to be part of this database.
2. Meet key standards related to performance determined by the Social Investment Forum, Calvert Foundation, and the CDFI Data Project partners.

Community Development Banks – Must not be facing regulatory action from the Federal Depository Insurance Corporation (www.fdic.gov)

Community Development Credit Unions – Must not be facing regulatory action from the National Credit Union Association (www.ncua.gov)

Community Development Loan Funds – Must not have 3 of the following characteristics:

  • Operating Deficit (Decline in unrestricted net assets)
  • Delinquency Rate > 10% (Defined as 90+ day delinquency rate)
  • Net Charge-off Ratio > 8% (Defined as Net Charge-off [write-off] during latest fiscal year / Total Loans Outstanding)
  • (Net Assets+EQ2) / Total Assets >10%

Community Development Venture Capital Funds, Housing Developers, and Microfinance Institutions – Determined on a case-by-case basis

3. Accept investments

All CIIs must be currently accepting investor capital
4. Agree to be included in the database
Regardless of whether a CII meets the above criteria, they also must want to be included in the database.

 

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Please Note: The information in this database is presented for information purposes only and should not be construed as financial advice or an endorsement or due diligence of any financial institutions or investment products. The Social Investment Forum Foundation and Co-op America, and their data providers, make no claim, promise or guarantee about the accuracy, completeness or adequacy of the information in this database and assume no liability for any use of such information. Please contact the applicable financial institutions for more information before investing.
A Project of the Social Investment Forum Foundation and Co-op America