Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Govt. funding resolution cuts CDFI funds
WASHINGTON (3/18/11)—The latest in a series of continuing resolutions to fund the federal government was signed into law on Thursday, and this resolution would again cut funding to the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund to the tune of $3 million. The resolution, which will fund the government until April 8, was passed by the Senate earlier in the day and passed the House on Tuesday. The CDFI Fund helps locally based financial institutions offer small business, consumer and home loans in communities and populations that lack access to affordable credit. According to the Treasury Department in January, credit unions represent 13% of the total applicant pool for the 2011 round of the CDFI Fund program. The administration sought $250 million in CDFI funding for FY 2011.


RSS print
News Now LiveWire
From today's @USATODAY front page, a shout out to #CreditUnions courtesy of @CUNA http://t.co/881vLPeECN
12 minutes ago
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
1 hours ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
2 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
2 hours ago
.@MICreditUnions is recruiting member #creditunions to participate in a campaign to help state residents thrive in retirement.
2 hours ago