TOLEDO, Ohio (3/29/11)--A Toledo, Ohio, community development credit union (CDCU), Toledo Urban FCU, will hold a fund-raising drive to bolster its shrinking cash reserves. The credit union will accept individual donations, with the rationale that no contribution is too small, said Suzette Cowell, Toledo Urban treasurer/CEO (toledoblade.com March 28). The credit union, which will begin sending out letters to the community next week to explain its situation, hopes to raise $250,000 by late September, the newspaper said. Toledo Urban is making the move to put in abeyance potential orders by the National Credit Union Administration (NCUA) to improve its financial condition, the newspaper said. NCUA requires credit unions to have capital reserves of 7% of their total assets. Following an audit of its financial condition, Toledo Urban determined it had a 4.6% capitalization rate, the paper said. The credit union’s capital reserves have diminished because the poor economy has caused members to become delinquent on their loan payments, and adversely affected the $3.6 million-asset Toledo Urban’s reserves, Cowell told the paper.