NEW YORK — The National Federation of Community Development Credit Unions is seeing its longstanding effort to raise money for community development credit unions to use as capital starting to gather some real momentum.

At a recent San Francisco meeting of the West Coast Financial Literacy Forum, an event sponsored in part by the Federal Reserve Bank in San Francisco, the Federation announced that it has raised $8.5 million in investments and commitments in an effort to add $25 million to its investment program.

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