Occupy Wall Street activist sees credit union possibly following successful launch of card-issuing Occupy Money Cooperative.
Credit unions across the greater New York City area suffered a wide variety of different damage from the superstorm and with different levels of response.
CO-OP says system is working. Meanwhile, National Federation of Community Development Credit Unions offices and Lower East Side People's FCU shut down.
Investment bank giant pulls out of sponsorship of Lower East Side People's FCU event.
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.
The credit union story from the industry's beginning includes regular people taking a do-it-yourself approach to solve seemingly insurmountable environmental pressures and creating something new.
Donna Gambrell, director of the U.S. Treasury Department's Community Development Financial Institutions Fund will announce new Technical Assistance and Financial Assistance Awards at a community development credit union.
As Congress contemplates whether to pass a law regulating debit card interchange, a majority of economists and government officials attending a meeting on the subject agreed that there is no economic basis for the proposed regulatory change.
No matter how unpopular the debit interchange regulating Durbin amendment is among credit unions, at least one credit union is not opposing it.
The most striking thing a visitor notices about New York City's Lower East Side People's Federal Credit Union is how much it feels like Jimmy Stewart's Bailey Building and Loan in Frank Capra's classic film "It's a Wonderful Life."