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 notes funds availability
WASHINGTON (2/1/09)—The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI) Friday issued a notice of funds availability (NOFA) for its Bank Enterprise Award (BEA) program. Although eligible applicants must be federally insured banks and thrifts, those awarded BEA funds are encouraged to increase their financial assistance to Community Development Financial Institutions (CDFI), including credit unions. The Treasury noticed, published in the Jan. 30 Federal Register, noted that the NOFA does not obligate the CDFI to make any award or to obligate any available funds. However, the notice also projected that the Fund may award approximately $20 million for FY 2009 BEA Program awards, and reserved the right award in excess of that amount, if funds are available.
Other Resources

RSS





print
News Now LiveWire
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
4 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
4 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
7 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
8 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
10 hours ago