ASI Federal Credit Union became a low-income credit union before the low-income credit union designation, or even the NCUA, existed.
Because the outreach and service roles of its credit union have grown over the years, the Enterprise Corporation of the Delta has changed its name to the Hope Enterprise Corporation.
After applying for an SBA disaster loan in October 2005, a New Orleans seafood processor damaged by Hurricane Katrina didn't get approved until May 2006 and didn't receive the funds until October 2006.
Kenneth Feinberg, the Obama administration's claims czar on the BP oil spill, has now heard directly from Southeast credit unions that they're ready to provide check assistance to the victims and are hoping a loan guarantee plan can be set up.
Southeast credit unions, striving to serve and assist victims of the BP Oil Spill, are hoping they have a friend on loan guarantees in the government's claims czar, Kenneth Feinberg.
The SBA looked to the owners of a New Orleans seafood processor as an example of how the agency said it was not prepared to handle the deluge of relief requests after Hurricane Katrina.
Credit union executives joined by Gulf Coast regulators are slated to take part in an Aug. 30 workshop-webinar
Credit unions still hold an edge over banks when it comes to trustworthiness, according to the latest consumer poll conducted by the college-based Chicago Booth/Kellogg School Financial Trust Index.
The near-term economic fallout from the BP oil spill on Mississippi credit unions appears to be under control but the worry remains on the long-term impact on the tourist trade, the state's top regulator said Wednesday.
Regulators from Gulf Coast states have been invited to participate in an industry-sponsored three hour/workshop/seminar Aug. 30 exploring examiner flexibility on BP oil spill loans to fishermen, boat operators, and small businesses.