Year long campaign will focus on cooperatives of many different types.
The National Federation of Community Development Credit Unions announced a new program designed to help New York City area CDCUs offer payday loan alternatives last week.
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.
The National Federation of Community Developing Credit Unions is helping CDCUs organize themselves to take advantage of any opportunity to obtain more government support.
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.