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 …
CDCUs Receive $12.7 M from CDFI Fund
CDCUs Receive $12.7 MM from CDFI Fund in Recent Awards Low- and moderate-income communities across the nation will soon receive a boost to their local economies thanks to awards made today to 180 community development financial institutions (CDFIs) by the U.S. Department of the Treasury’s CDFI Fund. The announcement was …