NEW YORK (11/29/07)--The National Federation of Community Development Credit Unions and the National Credit Union Foundation (NCUF) announced the first four partnerships in the Credit Union Development Corps. The Corps is an exchange program between Credit Union Development Educators (CUDEs) and the federation’s network of community development credit unions (CDCUs). The pairings are:
* Selfreliance FCU, Chicago, with Vernon-Commerce CU, Commerce, Calif.; * Philadelphia FCU with Lower East Side Peoples FCU, New York; * AEA FCU, Yuma, Ariz., with Triumph Baptist FCU, Philadelphia; and * Washington State Employees CU, Olympia, Wash., with NRS Community Development FCU, Birmingham, Ala.
Participating development educators will visit a CDCU for one week to learn how it serves low-income members. A representative from the CDCU will then spend one week at the CUDE’s credit union to learn about the its programs and operations. During the exchanges, representatives will aim to help their hosts and learn about the credit union’s operational strengths. “We hope that the CU Development Corps will create strong bonds between participants as well as their institutions--partnerships that will bring together large and small credit unions, foster the cooperative spirit, and create a stronger and more unified credit union movement,” said Cliff Rosenthal, federation president/CEO. Exchanges will begin in early 2008 and are expected to be completed by the end of the year. The program is managed by Pamela Owens, CUDE and director of education and training for the federation; and by Tom Decker, national director for the Credit Union Center for Social Impact Management. Major support for the program is provided by the Ford Foundation and CUNA Mutual Group.