Federation Leadership Transition Statement by Lynda Milton, Board Chairman – For Immediate Release

Federation Leadership Transition Statement by Lynda Milton, Board Chairman (Tuesday, March 20, 2012 – Washington, DC) The following statement was released today at a press conference at CUNA’s Governmental Affairs Conference, and was attended by members of the National Federation of Community Development Credit Unions’ (Federation’s) executive committee, staff, and …

Federation Issues Major Study of CDCUs and CDFI Industry

Federation Issues Major Study of CDCUs and CDFI Industry (March 14, 2012 – New York, NY) A major new study by National Federation of Community Development Credit Unions (Federation) President/CEO Cliff Rosenthal, entitled Credit Unions, Community Development Finance and the Great Recession, has been released by the Federal Reserve Bank …

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

A publication from CDCU Insight Jan/Feb 2011 Dear Members and Friends: Greetings in the New Year! Here at the Federation we’ve had one of the snowiest beginnings to the year, forcing us to close our offices several times already, but despite these natural challenges, we have been as busy as …

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 …