X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, Va. – The National Credit Union Foundation has requested credit union leagues to gather information about the work of faith-based credit unions in their communities. The NCUF wants to include the information in an application to the Department of Health and Human Services (DHHS) that could amount to an additional $3 million to help the faith-based institutions. Under the Bush Administration’s initiative to help faith-based institutions, DHHS has $24.5 million in something called the Capital Fund Demonstration Fund, according to the NCUF. The money is intended for use by national organizations that in turn help local faith-based efforts. The Foundation says that if it gets the $3 million it will ask faith-based credit unions to submit proposals for how the money could be spent. The NCUA says that there are roughly 500 faith-based credit unions in the U.S., holding over $2 billion in assets. NCUA Board Chairman Dennis Dollar is on record as strongly supporting faith-based credit union outreach.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.