Company says special assessment needed to make up for low investment yields and to fund loss reserves.
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...
New Orleans credit union says 39 small business loans done in first year.
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.
In a turnabout, the $481 million Velocity Credit Union of Austin, Texas has decided against switching coverage from the NCUA to a private carrier, American Share Insurance of Ohio.
Wanting no part of future NCUA assessments, the president/CEO of the $300 million SafeAmerica CU of Pleasanton, Calif. has opted for private insurance.