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HUD's proposed rule includes three housing goals: (1) Low and Moderate Income Goal (families with incomes less than or equal to the area median income); (2) Underserved Areas Goal (families living in low income and high minority census tracts); and (3) Special Affordable Housing Goal (very low income families and...

MONTEREY PARK, Calif. - Energy First Credit Union, in keeping with its "green" awareness philosophy, has recently adopted a two-mile stretch of the Long Beach (710) Freeway. This marks the second highway adopted by Energy First CU - in March the $399 million credit union adopted a two mile stretch...

VANCOUVER, B.C. - With the economy on an upswing, credit unions need to up their recruitment and retention efforts more than ever-not just for their front line but also management positions. "During the recession, jobs were tight, and employees were content to stay with their employer. An improving economy will...

PHILADELPHIA - Community development financial institutions, including community development financial institutions, saw asset growth of almost double that of commercial banks between 2000 and 2002, according to a study by the CDFI Data Project. The Data Project is an effort of CDFI supporters, supported by Foundation grants, including the National...

VANCOUVER, B.C.-Nothing but blue skies for credit unions' economic future, according to four members of the Credit Union Economics Group. During NAFCU's 37th Annual Conference, the group's Chief Economist and Director of Research Tun Wai predicted that rising consumer confidence will bolster consumer spending. "Boosting consumer confidence and spending is...

COLORADO SPRINGS, Colo. - Ent Federal Credit Union joins the growing number of credit unions that have received a U.S. Small Business Administration license to offer 7(a) loans. SBA's 7(a) loans carry a maximum amount of $2 million and loans of $150,000 or less carry a maximum guarantee of 85%....

Fort Bliss Federal Credit Union, El Paso, Texas, has named Alexander Galaviz the 2004 Leo Ziegler Employee of the Year. Galaviz is part of the information systems department and manages the credit union's employee helpdesk and was selected for his great positive attitude. The Employee of the Year Award is...

NEW YORK - Municipal CU President/CEO William Porter will receive the Pete Crear Lifetime Achievement Award from the African-American Credit Union Coalition on Aug. 13 during the group's annual meeting in Atlanta. Porter has led MCU since 1981, helping propel it to a $1.2 billion institution. Over the years, Porter...