At least two credit unions are involved in a new pilot program from the
San Francisco Municipal Transportation Agency that will permit the sale of coveted taxi medallions.
The SFMTA said taxicab drivers who are at least 70 years old or have a disability can sell their medallions at a price of $250,000. Under the Taxi Medallion Sales pilot program, 80% of the sales revenue will be kept by the drivers, 5% will go to a drivers' fund and the city's municipal agency will receive 15%.
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