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CU System
CU to receive excess capital from Calif. small-biz project
COMPTON, Calif. (5/5/11)--Mid-Cities Financial CU met with the California State Treasurer’s Office to discuss its new role as a California Capital Access Program (CalCAP) financial institution.
Click to view larger image Mid-Cities Financial CU, Compton, Calif., met with the California State Treasurer’s Office to discuss its new role as a California Capital Access Program financial institution. From left are: Mid-Cities Financial CU Loan Manager Henry Perez, Member Business Services President/CEO W.E. Scott Burger, Mid-Cities Branch Manager Maricela Jauregui, Mid-Cities President/CEO Melia Keller, Director of Finance Jj LaBella, Community Development Manager Bessie Griffin, and CalCAP Analyst Nancee Trombley. (Photo provided by Mid-Cities FCU)
The CalCAP program offers Mid-Cities Financial excess capital for loans to small businesses outside the credit union’s normal approval criteria. The CalCAP Program is offered by the State Treasurer’s Office California Pollution Control Finance Authority. Mid-Cities Financial was looking forward to partnering “with the CalCAP program to gain additional funds to aid small businesses that may not qualify under our current loan guidelines,” said President/CEO Melia Keller. “This gives the credit union the opportunity to help a group of struggling small businesses we may not have otherwise been able to assist,” she added. Mid-Cities Financial FCU is a $24 million-asset credit union based in Compton, Calif.


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