Twenty-four credit unions or credit union organizations received grant assistance from the U.S. Treasury Department’s Community Development Financial Institutions Fund in the latest round of funding.
When it comes to buying a car, many members of Communicating Arts Credit Union face choices limited to buy-here-pay-here lots with some rates as high as 20% or more.
Kiva.org, the online organization that allows individuals to invest in development micro-loans around the world, has chosen a community development credit union as its field partner for its micro-lending effort in New Orleans.
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.
Changing economic circumstances among its members have led yet another mainstream credit union to the realization that it has effectively become a community development credit union.
Although it may be hard to believe now, the $29 million Communicating Arts Credit Union, winner of Credit Union Times 2010 Trailblazer Award for Outstanding Service to the Underserved
Along with 10 other organizations in the Detroit area, Communicating Arts Credit Union adopted 24 families this past holiday season.