ALEXANDRIA, Va.-NCUA issued a Letter to Federal Credit Unions notifying them of opportunities with AmeriCorps*VISTA program as part of the agency's Access Across America initiative. The initiative is aimed at creating economic empowerment in communities where credit unions serve. AmeriCorps*VISTA provides a Cost-Share Partnership to aid credit unions and others in leveraging human resources necessary to start wealth building projects while avoiding typical start-up or expansion costs, according to the letter. As a Cost-Share Partner, a credit union would contribute a $9,500 living allowance for each AmeriCorps*VISTA member and the program covers the cost of benefits and services to the member, like payroll services and health insurance. AmeriCorps*VISTA members can help credit unions conduct demographic studies; develop marketing programs, create specific loan or share programs, or crafting financial counseling programs. AmeriCorps*VISTA, established in 1965, is a group of nearly 6,000 nonprofits and public agencies nationwide helping low-income people.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.