Final Stimulus, Spending Bill Includes Big Boost for CDFIs, Extension of CLF Provisions

CUNA official says, "This is all very good," adding the provisions will help CUs remain "in a position to help their members."

By David Baumann | December 21, 2020 at 03:57 PM

The coronavirus economic stimulus bill passed by the House and Senate late Monday night includes an unprecedented $12 billion set-aside for the Community Development Financial Institutions program and an extension of pandemic-related provisions governing the NCUA's Central Liquidity Facility.

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Regulatory & Compliance

1 Virginia CU Goes Federal, Joining 14 Other Charter-Switching CUs

2 Credit Union's Internal Investigation Leads to Employee Grand Theft Charge

3 Man Pleads Guilty in Credit Union Fraud Ring Conspiracy

4 Boomers Are Not Enough: How to Attract Younger Consumers

5 CU Loses Nearly $300,000 in Four Hours With ATM Skimming Device

Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

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September 12, 2024 - New York

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October 15, 2024 - Los Angeles

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CU on a Mission to Make Housing Affordable

By Michael Ogden | July 26, 2024

Leadership at Great Basin FCU is involved in a new initiative to make housing affordable for members in Nevada.

CU on a Mission to Make Housing Affordable

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

By Peter Strozniak | July 26, 2024

Although Washington state regulators gave the deal a green light, decisions from the NCUA and FDIC are pending.

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

Space Coast Sells $669 Million in Auto Securities

By Jim DuPlessis | July 26, 2024

The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday.

Space Coast Sells $669 Million in Auto Securities

Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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