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
Self-Help is first CDFI Loan Fund member at Atlanta Fed
ATLANTA (8/9/10)--Self-Help Ventures Fund, a financing affiliate of the Center for Community Self-Help, is the Federal Home Loan Bank of Atlanta's first Community Development Financial Institution (CDFI) loan fund member and the first CDFI-affiliated organization to join a federal home loan bank, the bank announced Thursday. The Center for Community Self-Help, based in Durham, N.C., works closely with its financing affiliations, Self-Help CU and Self-Help FCU, to provide financing, technical support, consumer financial services, and advocacy for economically disadvantaged individuals. In January, the Federal Housing Finance Agency implemented provisions of the Housing and Economic Recovery Act of 2008 that permitted qualifying CDFIs to become members of a federal home loan bank. CDFIs include community development credit unions. Since January, FHLBank Atlanta has worked closely with Self-Help's leadership to bring its fund through the membership process, the bank said. "We have worked for 10 years to make this partnership possible, and together with the Federal Home Loan Bank of Atlanta, we believe we can provide the financing that will enable thousands of well-qualified homeowners to buy their first homes," said Martin D. Eakes, CEO of the Center for Community Self-Help.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
4 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
9 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
9 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
11 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
11 hours ago