Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CDFI initiative enlists federation
WASHINGTON (10/11/10)--The National Federation of Community Development Credit Unions is among those selected to aid the Community Development Financial Institutions (CDFI) Fund as it works to “expand technical assistance and training opportunities for CDFIs nationwide,” the CDFI Fund announced on Friday. The CDFI Fund’s capacity-building initiative aims to “provide specialized training and technical assistance designed to significantly increase the ability of CDFIs to deliver financial products and services to underserved communities.” The training will cover “affordable housing and business lending, portfolio management, risk assessment, foreclosure prevention, training in CDFI business processes, and assistance with liquidity and capitalization challenges,” according to the CDFI Fund. Federation President/CEO Cliff Rosenthal in a release said his group was “pleased to be selected” for participation in the CDFI Fund’s capacity-building initiative. NeighborWorks America, Deloitte, The Opportunity Finance Network and Reznick Group P.C. will also aid the CDFI Fund. In a Friday release, CDFI Fund Director Donna Gambrell said that her group will work with the providers “to offer high quality training resources, on-site technical assistance and individualized capacity-building assistance to help CDFIs extend and expand their coverage.” The CDFI Fund last week announced the beginning of the 2011 round of funding, through which $135 million will be made available to eligible credit unions. Applications for the CDFI funds must be received by Nov. 19. (See related story: CDFI to provide up to $135 mil in 2011 round, Oct. 6) For the full CDFI Fund release, use the resource link.
Other Resources

RSS print
News Now LiveWire
Even 1 step makes a difference in preparing for disasters #creditunions #NewsNow http://t.co/eFUmMJnIwA
6 hours ago
From today's @USATODAY front page, a shout out to #CreditUnions courtesy of @CUNA http://t.co/881vLPeECN
8 hours ago
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
9 hours ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
10 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
10 hours ago