ALEXANDRIA, Va. — As part of the Bush Administration's promotion of February 2008 as National African-American History Month, NCUA pointed to its role in helping credit unions offer services and economic support to African-American communities around the nation.

"As we celebrate National African-American History Month by honoring the many important accomplishments of African-Americans throughout our nation's rich history, I appreciate the pro-active role credit unions are playing in empowering African-American communities, particularly in the area of financial literacy and homeownership," stated NCUA Board Chair JoAnn Johnson.

NCUA cited its work with the Community Development Revolving Loan Fund, which, the agency said, helped credit unions working in primarily African American communities have a positive impact.

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, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

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