This Opinion piece urges low-income credit unions to apply for NCUA funding and CDFI certification.
For the first time, NCUA will make money available to low-income credit unions applying for Community Development Financial Institution status from Treasury's CDFI Fund. The approval process can be lengthy.
Technology upgrades, CDFI certification and summer interns all eligible for funding.
Just more than 2,000 credit unions may be eligible for funding.
Nine get nearly $1.4 million each. Self-Help FCU gets separate $3 million grant for Healthy Food Financing Initiative.
Mass signings result of effort by credit unions and consultancy.
The $311 million Freedom First Credit Union, headquartered in Roanoke, Va., won the $100,000 Next Seed Capital Award from the Opportunity Finance Network.
Designation allows Miami credit union to apply for Treasury grants.
You're a newly designated low-income credit union, congratulations! You now have access to tools that can be leveraged for growth and aren't available to all credit unions.
Federation will sponsor session for current and potential low income designated credit unions.