Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – Senators Rick Santorum (R-Pa. and Jon Corzine (D-N.J.) have begun circulating a letter among their fellow U.S. senators in support of the Treasury Department’s CDFI Fund. The Administration has proposed eliminating the Fund and rolling its budget into a block grant program called Strengthening America’s Communities which would be administered by the Commerce Department. Community Development Credit Unions have received millions of dollars from the Fund in the past. The letter, which is addressed to the chair of the Senate subcommittee with jurisdiction over the Fund, urges the subcommittee to budget at least $80 million for the Fund in 2006. The legislation needed to eliminate the Fund and set up the SAC program Commerce has not yet been introduced.

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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.