Results find only 15% knew about non-profit status of credit unions and that 83% think it's all about profiting from hidden fees.
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.
An inspector general would have oversight of the new $30 billion Small Business Lending Fund if a bill with that proposal becomes law.
A Members Group white paper, Missouri reaccreditation and the CDFI Fund all made news this week.
The Senate Appropriations Committee appears to have left the budget of the CDFI fund intact.
Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital.
Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital, according to a report issued today by Treasury and HUD.
In a Jan. 31 letter to Rep. Randy Neugebauer (R-Texas), Elizabeth Warren revealed that the current plan calls for the Consumer Financial Protection Bureau to have six primary divisions.