A group of managers of faith based credit unions headquartered in New York City is forming an ad-hoc group meant to help them resist some of the pressures facing them, including compliance pressures and balance sheet worries.

“There are simply too many faith-based credit unions out there that are running scared right now,” declared Joy Cousminer, CEO of the $14 million Bethex FCU of the Bronx and organizer of the 30-member “We Care” group which a meeting Thursday at her CU. “We don’t want this movement destroyed and the way things are going it is headed that way,” warned Cousminer, a past director of the National Federation of Community Development Credit Unions.

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