An innovative community development credit union that serves the greater New Orleans area is one of 12 financial institutions to receive federal grant money to help improve the quality of food in their areas.
Talks already under way with Ninth Ward merchants, CU says.
Even during the darkest days of the recession, Terri Salstrom, president/CEO of the $137 million Industrial Credit Union, always had big dreams for her cooperative.
Credit union efforts in Hawaii and South Dakota benefit.
Fourteen credit unions and organizations that work with credit unions received $1.5 million each from the latest round of awards from the U.S. Treasury's Community Development Financial Institutions Fund. Their totals were part of more $28 million that went to 27 credit unions and supporting organizations.
Foourteen credit unions and supporting organizations awarded $1.5 million each from Treasury program.
At $1.1 billion, MECU is nation's second-largest communtiy development credit union after GECU in Texas.
A Members Group white paper, Missouri reaccreditation and the CDFI Fund all made news this week.