Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CDFI opens 2011 NACA funds for native communities
WASHINGTON (11/2/10)--The 2011 round of the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund’s Native American CDFI Assistance (NACA) Program officially began last week, the CDFI Fund said in a release. The NACA program, which is designed to encourage the creation and strengthening of certified CDFIs that primarily serve Native American, Alaskan Native and Native Hawaiian communities, will make $10 million in funds available to eligible CDFIs. The NACA funds may be used to finance capital or may be provided to financial institutions in the form of technical assistance grants. The CDFI Fund has provided a total of $46.8 million in funds since 2004. CDFI Fund Director Donna Gambrell said that the NACA Program “plays a critical role in our commitment to support Native communities and the efforts by the CDFI Fund will ensure that the number and the capacity of Native CDFIs will continue to increase nationwide." The CDFI Fund will explain the program and how to apply during a live NACA workshop in Denver, Colo., on Nov. 9. The application process also is covered during a pre-recorded webinar, which can be viewed at any time. Credit unions that wish to apply for NACA certification must do so by Dec. 2. The funding application deadline is Dec. 22. For more information, use the resource link.
Other Resources

RSS print
News Now LiveWire
.@CUNA VP of Econ MIke Schenk featured in Money magazine http://t.co/SC6Shv0lDH
9 hours ago
#NewsNow: @CFPB develops tools for student loan debt relief. http://t.co/a6pOReC86F
10 hours ago
Stephanie Smith has been named as the new executive director of America's #CreditUnion Museum. (2 of 2)
11 hours ago
America's #CreditUnion Museum executive director Peggy Powell is stepping down after 15 years. (1 of 2)
11 hours ago
#NewsNow League presidents raise voices for data breach protection http://t.co/zX1UsvsQP6
12 hours ago