DETROIT – A new report says CDFI credit unions compare favorably to mainstream ones in key metrics.
Credit unions can apply for this year's second round of community development grants next month.
Bethpage Federal Credit Union provides grants to 70 high school students to attend a prominent school for the arts this summer.
The NCUA announced Aug. 28 that 126 low-income credit unions are sharing $871,597 from the agency’s 2013 Community Development Revolving Loan Fund’s grant round.
Ford Foundation pledge of $700,000 to fund launch of financial services incubator.
Community Development Revolving Loan Fund grants announced by NCUA.
Grants totaling $124,961 will be used to promote financial literacy through educational curriculum.
Home banking software, fax machine and summer financial literacy programs among funded projects for small New York credit unions.
Five of the eight winners of the Center for Financial Services Innovation second round of Financial Capability Innovation Fund awards are either offshoots of credit unions, have credit unions partners or have a history of working with credit unions.
Foundation awards $51,885 to support small credit union development, community service and marketing and business development.