National Federation to Harness Shared Services Efficiencies
The National Federation of Community Development Credit Unions has started to build a shared back-office platform for CDCUs.
The federation announced the effort at its 2013 annual conference earlier this month in Baltimore. Federation CEO Cathie Mahon announced that the group had received a $250,000 grant from Citibank to serve as seed money to help the federation develop the platform. She also said the platform would eventually be open small credit unions as well as CDCUs.