The $5.55B Suncoast Credit Union will apply for U.S. Treasury CDFI grants to help finance affordable housing projects and other initiatives.
This Opinion piece urges low-income credit unions to apply for NCUA funding and CDFI certification.
Credit unions talk a good game about wanting to serve low-income populations.
Credit unions talk a good game about wanting to serve low-income populations. But do they really? And would regulators let them?
Initiative also includes $1.5 million deposit at participating credit unions.
Hope Credit Union of Jackson, Miss., participates in the state’s college savings account program.
After many years as the ugly ducklings of the credit union industry, lower-income credit union members are poised to become a good deal more like swans in 2013.
NCUA Chairman Debbie Matz attended an Aug. 7 meeting in the White House’s Roosevelt Room in which President Barack Obama announced that low-income designated credit union lending would be included in the administration’s latest drought-relief package.