The NCUA is hosting a webinar on Jan. 15 for credit unionslooking to improve their service for low-income members.
|Kicking off at 2 p.m., the webinar – “Profiling Products andServices for Underserved Members” – will include leaders from threecredit unions sharing how they have developed unique offeringsincluding second-chance loans, second-chance checking accounts andcitizenship loans.
|They will also discuss “an alternative to payday loans fundedwith U.S. Treasury Community Development Financial InstitutionsFund proceeds and value-added partnerships with municipalities andcommunity service organizations.”
|Registration is now available online. Questions can be sent in advance to[email protected].
|Vanessa Lowe from the Office of Small Credit Union Initiativesis hosting the event. Participants include James Benson, the CEO of$31 million Elliot Federal Credit Union in Jeannette, Pa.; RobinRomano, CEO of the $33 million Marisol Federal Credit Union inPhoenix; and Paul Woodruff, vice president of Community Developmentat the $234 million St. Louis Community Credit Union in St. Louis,Mo.
|The NCUA said the webinar would also provide an overview of theNCUA Community Development Revolving Loan Fund 2014 GrantsRound.
|The NCUA announcedearlier this week that more than 2,000 credit unions have nowqualified for LICU designation.
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