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

CU System
Federation expands consulting tech assistance for CDCUs
NEW YORK (6/30/10)--Responding to stress in the credit union community and the growing opportunities to access federal resources, the National Federation of Community Development Credit Unions has announced an expansion of its consulting and technical assistance services for community development credit unions (CDCUs). “There is growing alarm among small credit unions that the expenses for corporate stabilization and the Share Insurance Fund will increase pressure to merge or liquidate them,” said federation President/CEO Cliff Rosenthal. “Even small credit unions that are well-capitalized and present minimal risk to the fund are running scared. “To address this, the federation will be supporting several initiatives, including the ‘We Care’ program spearheaded by Joy Cousminer of Bethex FCU and our Spirit Network of faith-based credit unions, as a way to proactively reach out to some of our smallest CDCUs,” he added. Also, Brian Gately, formerly director of technical assistance, will serve as the federation’s senior consultant for small and emerging credit unions, leveraging his experience to help small credit unions meet their regulatory and compliance requirements. Terry Ratigan will continue as lead consultant for the federation’s CU Breakthrough service, which has worked to get a record number of credit unions certified as community development financial institutions and designated low-income. Both credentials are necessary for various federal resources, Ratigan explained. “We’re expanding CU Breakthrough to meet the growing demand for expertise in reaching underserved markets,” Rosenthal said. “Credit unions have never received enough recognition and resources for their work to serve the underserved. We aim to change that.”
Other Resources

RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
21 minutes ago