Bank of America will make $10 million available for deposits in community development credit unions across the country, according to the National Federation of Community Development Credit Unions.
Deposits of capital will help community development credit unions make loans across country.
At $1.1 billion, MECU is nation's second-largest communtiy development credit union after GECU in Texas.
A group of lawyers that proved instrumental in helping credit unions navigate the details of the U.S. Treasury Department's Community Development Capital Initiative loans has recognized community development credit union leader Clifford Rosenthal for his public service leadership.
Community CU leader returns compliments to Lawyers Alliance for New York in enabling small CUs to negotiate federal program.