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NCUF, Annie E. Casey Foundation and Aspen Institute Launch Subprime Auto Effort

WASHINGTON -- A grant from the National Credit Union Foundation, the Annie E. Casey Foundation and the Aspen Institute has provided the means to collect research on CUs that have sustainable subprime auto lending programs so that successful strategies can be replicated by other CUs.

By Staff Writer | Updated on January 15, 2008

WASHINGTON — A grant from the National Credit Union Foundation, the Annie E. Casey Foundation and the Aspen Institute has provided the means to collect research on CUs that have sustainable subprime auto lending programs so that successful strategies can be replicated by other CUs.

The project has a budget of $99,680 that will be funded two-thirds by the NCUF, and a grant of $37,600 from the Casey Foundation to help develop the research, the concept paper, and hold a colloquium in the early part of next year. That convening will allow the findings to be shared and provide a forum for CUs with working programs to show others how to start one. Bill Myers, a fellow at the Aspen Institute and former CEO of Alternatives FCU has begun conducting the research. The Aspen Institute is contributing Myers’ time and services.

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