Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PITTSBURGH – Clearview FCU has provided a $50,000 secondary capital deposit to Hill District FCU, which will enable it to continue providing service to residents in Pittsburgh’s Hill District here. The $2.5 million Hill District FCU said it serves primarily low-income members with small loans for appliances, basic home improvements and other immediate needs. Clearview’s deposit increased the CU’s capital ratio, which will enable it to continue to serve their members. “Many of our members aren’t able to obtain loans from larger financial institutions and often have an urgent need for financial assistance,” said Richard Witherspoon, manager/treasurer. “We also provide services to both members and non-members by processing money orders and selling bus passes. Without the deposit by Clearview it would have been difficult to continue to serve our members.” Mark Brennan, president/CEO of $580 million Clearview FCU, said the CU was, “simply fulfilling the pledge we made to NCUA to help in the community,” stressing it wants to be, “a partner.a big brother to smaller credit unions who need help and assistance.” “We looked at Hill District FCU’s business plan,” Brennan said. “It’s a sound plan and we are confident they will be able to grow and support the needs of their members.” Hill District FCU serves approximately 2,000 members.

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.