News

The U.S. Treasury has already announced a new head for its Community Development Institutions Fund, less than a day after the previous director, Kimberly Reed, announced her departure.

The U.S. Treasury has already announced a new head for its Community Development Institutions Fund, less than a day after the previous director, Kimberly Reed, announced her departure.

The U.S. Treasury's Community Development Financial Institutions fund is looking for yet another leader before the end of the Bush Administration. Kimberly Reed, current CDFI Director, has announced her intention to resign and enter the private sector.

An ongoing effort to link credit unions with CUSOs for certain specialty services recently received a $25,000 boost to make it happen.

NCUA announced a full agenda for its Nov. 15 board meeting.

NCUA Board Member Gigi Hyland applauded the early success of the SBA's Patriot Express program as an example, not only of credit unions taking advantage of opportunities presented, but also federal agencies working together.