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
Two Hawaii CUs receive CDFI Native American grants
WASHINGTON (9/29/09)--Two federal credit unions were among the 10 awardees receiving $4.4 million from the Department of the Treasury’s Native American Community Development Financial Institutions (CDFI) Assistance (NACA) Program. First Hawaiian Homes FCU, Hoolehua, Hawaii, was awarded $225,000, and Molokai Community FCU, Kaunakakai, received $470,000, according to the NACA website. Neither credit union has received official notification of the awards, and therefore are declining comment at this time, a spokeswoman for First Hawaiian Homes FCU, told News Now Monday. The CDFI Fund’s Native Initiatives work to increase access to credit, capital and financial services in communities by creating and expanding CDFIs primarily serving Native communities. This is achieved through two initiatives:
* A funding program--the NACA program--targeted to increasing the number and capacity of existing or new Native CDFIs; and * A complementary series of training programs, called “Expanding Native Opportunities,” that seeks to foster the development of new Native CDFIs, strengthen the operational capacity of existing Native CDFIs, and guide Native CDFIs in the creation of important financial education and asset building programs for their communities.
The Treasury’s CDFI Fund announced the awards are being made with fiscal year 2009 appropriated dollars. The awardees are in eight states--Alaska, Arizona, Hawaii, New Mexico, North Carolina, Oklahoma, South Dakota and Wisconsin. “The growth in Native CDFIs is a remarkable accomplishment and their increasing reach and impact within the Native communities they serve have been tremendous,” said CDFI Fund Director Donna J. Gambrell. “We are committed to working with Native CDFIs to increase economic opportunities and bring all Native communities into the nation’s economic mainstream,” she added. “I am confident that the CDFI Fund’s new five-year Native Initiatives Strategic Plan, which lays out our long-term, comprehensive strategy to overcoming the barriers to capital in Native communities, will greatly advance these commitments.”
Other Resources

RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
16 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
16 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
18 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
18 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
21 hours ago