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Municipal Credit Union Chairman Mark Brantley and Consultant Marvin Umholtz provide point and counterpoint on Dodd-Frank mandated diversity initiatives.
Comment letters responding to an NCUA proposal to create a Dodd-Frank mandated Minority Depository Institution preservation program generally support the effort, but some question the costs and need to create a new program.
The African-American Credit Union Coalition said it “unequivocally supports” NCUA’s proposal to create a Minority Depository Institution preservation program.
As the first chairperson of the African-American Credit Union Coalition who isn’t one of the founders of the 14-year-old group, Lynette Smith said she feels a bit of heat.
Virginia credit union CEO takes helm of African-American Credit Union Coalition.
While the NCUA’s Office of Minority and Women Inclusion was created to ensure diversity in management, employment and business activities, the two-year old division has much more room to have an impact.
Municipal Credit Union’s leaders told members at its annual meeting this week that the New York City credit union had a particularly strong year.
The 325,000-member, $1.7 billion Municipal Credit Union has opened a branch in Harlem, one of New York City's most historic and underserved areas.