CEO Hank Hubbard shows how his credit union supports one of America's poorest cities.
An innovative community development credit union that serves the greater New Orleans area is one of 12 financial institutions to receive federal grant money to help improve the quality of food in their areas.
Talks already under way with Ninth Ward merchants, CU says.
Credit union efforts in Hawaii and South Dakota benefit.
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 gap between politicians that support funding the U.S. Treasury's Community Development Financial Institutions Fund and those who don't may have become the widest ever last week
The House Appropriations Committee has proposed cutting $197 million from the budget of the Community Development Financial Institutions Fund for this fiscal year.