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

Washington
CDFI launches 2010 fin. ed. and counseling pilot
WASHINGTON (6/2/10)--The U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund on Tuesday announced that the 2010 round of it’s Financial Education and Counseling (FEC) Pilot Program, which awards funds to organizations that provide financial education services to potential homebuyers, has begun. Educational services, for the purposes of the FEC Program, may be activities that increase the financial knowledge and decision-making capabilities of homebuyers and assist them in developing budgets, increasing their savings, reducing their debt, financing or planning for major purchases, and generally improving financial stability. In a release, CDFI Fund Director Donna Gambrell said that the FEC program’s educational initiatives “continue to be vital tools for economic development, especially when they benefit prospective homebuyers in distressed communities.” Congress appropriated $4.15 million in funding for the 2010 edition of the FEC program, which was established last year. Of that $4.15 million, $3.15 million will be made available to organizations located in Hawaii. The remaining $1 million will be granted to a number of organizations that applied for funds during 2009 but were not helped due to the large number of applications received. Applications for the 2010 round must be received by July 8. For the CDFI release, and application materials, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
19 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
20 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
20 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
21 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
22 hours ago