The industry debate over the propriety of the public campaigns of small, deeply troubled inner city credit unions to raise capital among other CUs and the citizenry has generated lively and sometimes strident rhetoric.
NFCDCU President/CEO Clifford Rosenthal calls the Mission SF FCU liquidation an example of regulatory excess.
ASI Federal Credit Union became a low-income credit union before the low-income credit union designation, or even the NCUA, existed.
The U.S. Treasury Department's Community Development Capital Initiative drew a charge of political tampering last week from an economist who has often been critical of programs related to the Troubled Asset Relief Program.
The White House and Congress are starting to recognize the impact community development financial institutions are having in providing affordable housing expansion, small business support and financial services to urban and rural areas.
The $80 million Shreveport Federal Credit Union, a member of the National Federation of Community Development Credit Unions,
The $80 million Shreveport Federal Credit Union and the National Federation of Community Development Credit Unions said the credit union is apparently close to winning NCUA approval to merge the $5 million First Delta FCU of Marks, Miss.
Be it expanding affordable housing, supporting small businesses or providing financial services to urban and rural areas, community development financial institutions continue to play a pivotal role.
The Biz Kid$ have made it to Wall Street, taking part in that classic ceremony-ringing the closing bell at the New York Stock Exchange.
Sarah Snell Cooke' s column ["Secondary Capital Prescription," CU Times, April 21] quotes extensively from the NCUA's recent white paper describing the "mixed results" of the use of secondary capital by low-income credit unions.