NCUA awards mentoring grants to three MDI credit unions

NCUA awarded $75,000 in grants to three low-income, minority depository institution credit unions to support mentoring programs with larger credit unions.

“Mentoring relationships can help MDI credit unions, particularly those in rural and underserved communities, grow stronger and support their members and communities better,” NCUA Chairman Rodney E. Hood said. “The NCUA’s mentoring program is important to the promoting the broader goal of greater financial inclusion. I congratulate the grantees and look forward to hearing about the results of their efforts.”

The agency awarded mentoring grants to:

  • Northern New Mexico School Employee FCU, of Santa Fe, with Guadalupe CU, also of Santa Fe, serving as mentor;


continue reading »