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CDCUs Not Showing Much Impact From Downturn

NEW YORK -- So far, community development credit unions have not seen widespread impacts from the economic downturn, according to the National Federation Of Community Development Credit Unions.

By David Morrison | Updated on August 08, 2008

NEW YORK — So far, community development credit unions have not seen widespread impacts from the economic downturn, according to the National Federation Of Community Development Credit Unions.

Federation President and CEO Cliff Rosenthal stressed that the organization awaited detailed data from NCUA for second quarter CU performance to provide a more complete picture but said that anecdotal comments from CDCUs around the country have not suggested sweeping impacts.

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