Half use the funds to launch a new product or service, the NCUA says.
Money from the U.S. Treasury Department’s Community Development Financial Institutions Fund’s latest round of funding will help credit unions offer members alternatives to high cost payday and auto loans, improved savings options, financial education and loans to bring fresh food into neighborhoods that currently do not have any, according to...
The theme of the news this week has been underdogs winning their battles by scrapping it out for what’s right. From credit unions to regulators, these unexpected victors deserve to bask in their spoils of the moment.
Twenty-four credit unions or credit union organizations received grant assistance from the U.S. Treasury Department’s Community Development Financial Institutions Fund in the latest round of funding.