NEW YORK and WASHINGTON — The National Federation of Community Development Credit Unions and the National Credit Union Foundation have announced the first participating credit unions in their joint Credit Union Development Corps program.
The Development Corps will place Credit Union Development Educators from a so-called mainstream credit union in a community development credit union for a week to observe how the CDCU works with its lower income members. Subsequently, a representative from the CDCU will spend a week at the mainstream CU observing that CU's programs and operations.
In the first pairings, DEs from Self Reliance FCU (headquartered in Chicago), Philadelphia FCU (Philadelphia), AEA FCU (Yuma, Arizona) and Washington State Employees CU (Olympia, Washington) will work with representatives from Vernon Commerce CU (Commerce, California), Lower East Side Peoples FCU (New York), Triumph Baptist FCU (Philadelphia) and NRS Community Development FCU (Birmingham, Alabama).
The first exchanges are expected to take place in the first quarter of 2008.
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