With claims that a plan from the mayor of New York’s office to create up to 18,000 livery cabs would create unfair competition with the city’s yellow cabs, an association of credit union lenders has filed a lawsuit to halt the effort.
When asked how he sees the state of business services and lending among credit unions, Larry Middleman teeters on optimism and concern.
NEW YORK -- A group of 11 credit union and CUSO executives went to the Finovate Fall 2010 conference with a mission: to witness the latest innovations in financial technology and envision their applications for credit unions.
If everything goes according to plan, the East River Development Alliance, a community development organization headquartered in Long Island City, N.Y., will open the first minority-owned credit union in the New York City borough of Queens this April.
If everything goes according to their plans, organizers of the ERDA Federal Credit Union will open the doors April 26 on the first credit union chartered under the Obama administration.