Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CDFI Fund certifies 11 new CUs
WASHINGTON (12/17/09)--The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund has announced that 11 credit unions have been certified as CDFIs during the fund’s most recent round of certifications, which took place between August and November of this year. The newly certified credit unions are Brewton Mill FCU, Fairfax County FCU, First Peoples Community FCU, Kerr County FCU, Maine Highlands FCU, Marvel City FCU, NCI Community Development CU, New Covenant Dominion FCU, New Pilgrim FCU, Table Rock FCU, and Union Baptist Church FCU. All of the credit unions serve low-income communities or other various groups in their states, which include Alabama, Indiana, Maryland, Maine, Missouri, New York, Texas, and Virginia. A total of 160 credit unions are currently certified under the CDFI program, which helps locally based financial institutions offer small business, consumer and home loans in communities and populations that lack access to affordable credit. The program added a total of 34 new certified CDFIs between August and November of this year. The new CDFIs are spread throughout the country, with headquarters in Alabama, Arkansas, California, Colorado, Washington D.C., Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, North Carolina, New Hampshire, New York, Ohio, Pennsylvania, Texas, Virginia and Washington. The CDFI program will make a total of $113 million in funding available in 2010.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago