CDCUs Seek Advisory Role at CFPB

Press Announcement For Immediate Release Contact: Rafael O. Morales, Public Affairs & West Coast Prog. Officer|[email protected]|800-437-8711 x206 CDCUs Seek Advisory Role at CFPB Consumer Financial Protection Bureau Logo(April 9, 2012 – New York, NY) In February, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced that the Bureau would be …

Federation Issues Major Study of CDCUs and CDFI Industry

We welcome this important report , however, the “Great Recession” is a mystification, when we all know that the real problem is that the domestic money supply collapsed, due to fewer bank loans and securitizations, by which our banks create most of our nation’s money supply! Hazel Henderson, Editor Federation …

Community Development Credit Unions Take Center Stage in New York City – For Immediate Release

Community Development Credit Unions Take Center Stage in New York City Launch International Year of Coops, NYC Coop Year & Teach-in at The New School (October 8, 2011 – New York, NY) New York City was the site of a series of local and international events that highlighted the growing …

Federation Announces $2-Million Investment from the Ford Foundation

Federation Announces $2-Million Investment from Ford Foundation (July 17, 2011 – Hollywood, CA) The National Federation of Community Development Credit Unions (Federation) today announced a $2-million investment from the Ford Foundation for the purpose of making secondary-capital investments in community development credit unions (CDCUs). “The Ford Foundation is our largest …

Federation Exploring Billion-Dollar Community Development Bond Program

Contact: Rafael O. Morales | Public Affairs & West Coast Program Officer | [email protected] | 800.437.8711 x206 (February 8, 2011 – New York, NY) The National Federation of Community Development Credit Unions (Federation) has joined a group working to design and advocate for a new program that could mean billions …

CDCUs Receive Nearly $70MM from Community Development Capital Initiative Treasury Program to Help CDCUs Expand Assistance to America’s Main Streets

Eight months after its launch by Secretary of the Treasury Geithner on February 3 the U.S. Department of the Treasury’s Community Development Capital Initiative (CDCI) has invested nearly $70 million in financial institutions that specialize in serving low-income and disadvantaged communities. The program targeted community development credit unions (CDCUs) and …