Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Boston mayor announces microloans serviced by CU
BOSTON (2/27/09)--Boston Mayor Thomas Menino announced a new microloan fund--serviced by Tremont CU--for small businesses located within the City’s Empowerment Zone (EZ). The $350,000 fund is geared to help existing small businesses and eligible entrepreneurs with access of up to $25,000 in loans for working capital needs such as leasehold and inventory improvements (US Fed News Feb. 26). EZ businesses with annual revenues less than $500,000 can apply for financing through the program for loans ranging from $5,000 to $25,000. The loans have a 9% fixed-interest rate. Boston’s EZ is a 5.8 square-mile area, consisting of roughly 60,000 residents--about 10% of the city’s population. Tremont CU, based in Braintree, Mass., has $173.1 million in assets.
Other Resources

RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
1 Day ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
1 Day ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
1 Day ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
1 Day ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
1 Day ago