Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Federation Accepting Applications for Secondary Cap Loans
NEW YORK (12/20/13)--The National Federation of Community Development Credit Unions is accepting applications for secondary capital loans and other deposits through its Community Development Investment Program (CDIP).
 
The deadline is Jan. 6 for federation members to apply for this round of investments.
 
CDIP provides capital resources to federation member community development credit unions (CDCUs) that are seeking funds to increase liquidity, boost net worth, mitigate risk and launch innovative products. Secondary capital loans are limited to low-income designated credit unions.
 
CDIP also is accepting applications for predatory relief and intervention deposits (PRIDEs) and microenterprise deposits.
 
PRIDEs partially collateralize loans that CDCUs make to combat high-cost, predatory lending in their local communities. Deposits of up to $100,000 are available for payday loan alternatives, auto title lending, assistive technology and tax anticipation lending.
 
Microenterprise deposits partially collateralize microbusiness loans to expand CDCU lending in local communities.
 
For applications and more information, use the link.
RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
7 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
8 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
9 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
10 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
11 hours ago