Royal became a certified Community Development Financial Institution (CDFI) in 2015 and has received six grants under the CDFI program, totaling more than $7.59 million. Royal uses these funds to provide access to financial services like home loans and financial literacy education to low-income and underserved people in our communities. Royal makes $388 in loans to every $1 in federal grant funds received. In comparison, the industry average for CDFIs is $12 in loans to every $1 received in grants from the CDFI Fund. Royal is 1 of more than 1,400 certified CDFIs that work in low-wealth communities across the United States. There are only seven credit union CDFIs operating in WI and MN.