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

Washington
House appropriations bill could increase CDRLF funding
WASHINGTON (7/16/09)--Credit Union National Association (CUNA) President/CEO Dan Mica on Wednesday thanked Rep. Alcee Hastings (D-Fl.) for adding to the House Financial Services and General Government Appropriations Bill an amendment that would increase funding for the Community Development Revolving Loan Fund (CDRLF) to $1.25 million for the 2010 fiscal year. The National Credit Union Administration (NCUA) in May requested $1 million in funding for the CDRLF for 2010. The amendment, which would add $250,000 to the CDRLF’s current level of funding, was offered as part of a manager’s amendment to the appropriations bill. That bill is expected to pass the House Rules Committee during a vote to be held later today. The CDRLF, which is administered by the NCUA’s Office of Small Credit Union Initiatives, provides low-interest loans and technical assistance grants to low-income designated credit unions. These small credit unions are then able to offer services like free income tax preparation and financial literacy classes to their members.


RSS





print
News Now LiveWire
Consumer credit ticks up slightly in Jan http://t.co/nAmR7fyGLi
46 minutes ago
RT @cumagazine: Make a good impression during your #CUNAGAC Hill visits: 8 tips http://t.co/C4gtRbQG2s
1 hour ago
Taking a walkthrough before #CUNAGAC starts this weekend. http://t.co/k9hktHjm9b
2 hours ago
There will be lots of social media action at 2015 #CUNAGAC that starts in D.C. this Sunday. http://t.co/vyP4XbtFbk
2 hours ago
.@AACUC1 is part of a group of credit union organizations to introduce a new mentor program for small credit unions http://t.co/2vFE45ZnEW
2 hours ago