At $1.1 billion, MECU is nation's second-largest communtiy development credit union after GECU in Texas.
A group of lawyers that proved instrumental in helping credit unions navigate the details of the U.S. Treasury Department's Community Development Capital Initiative loans has recognized community development credit union leader Clifford Rosenthal for his public service leadership.
Community CU leader returns compliments to Lawyers Alliance for New York in enabling small CUs to negotiate federal program.
The National Federation of Community Development Credit Unions has won a grant to be used to help senior citizens reach financial security.
The National Federation of Community Development Credit Unions has joined with some peers to hail recent trends in the field.
Mission SF Federal Credit Union of San Francisco has lost its battle to stay independent.
A Members Group white paper, Missouri reaccreditation and the CDFI Fund all made news this week.
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.
Even as the economy improves, foreclosures remain a problem for many lenders–but not the National Federation of Community Development Credit Unions.
NFCDCU President/CEO Clifford Rosenthal calls the Mission SF FCU liquidation an example of regulatory excess.