DETROIT – A new report says CDFI credit unions compare favorably to mainstream ones in key metrics.
CDCUs stand to benefit from membership opportunity.
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.
Fourteen credit unions and organizations that work with credit unions received $1.5 million each from the latest round of awards from the U.S. Treasury's Community Development Financial Institutions Fund. Their totals were part of more $28 million that went to 27 credit unions and supporting organizations.
Foourteen credit unions and supporting organizations awarded $1.5 million each from Treasury program.