NCUA is designating June as Minority Depository Institution Awareness Month to enhance the public’s understanding of the vital work minority depository institution credit unions perform in underserved communities nationwide.
“Service, opportunity, and financial security are central to the mission and work of minority depository institutions,” Chairman Todd M. Harper said. “One in ten federally insured credit unions is an MDI, and while they tend to be smaller than many other financial institutions, they play a much greater role in expanding access to safe, fair, and affordable financial products and services and supporting local development in under-resourced communities. This month, the NCUA acknowledges their efforts and affirms our commitment to ensuring these credit unions remain an integral part of the financial services system.”
Initiatives during MDI Awareness Month include:
- A June 8 webinar on how MDI credit unions help minority communities access safe, fair, and affordable financial services and promote greater financial security;
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