Small NYC credit unions to be first to offer "Borrow and Save" loans.
Terri Fowlkes tells Louisiana League session that non-traditional mortgages are particularly important.
Eight CDCUs in seven states will share $240,000 in grants to help launch a program for senior citizens.
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.
Foourteen credit unions and supporting organizations awarded $1.5 million each from Treasury program.
National Federation exploring possibility of aggregating loans to participate in new bond guarantee program.
Bank of America will make $10 million available for deposits in community development credit unions across the country, according to the National Federation of Community Development Credit Unions.
Credit union industry backing of financial literacy series called a key to its survival.
Deposits of capital will help community development credit unions make loans across country.
At $1.1 billion, MECU is nation's second-largest communtiy development credit union after GECU in Texas.