National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger praised today’s signing of a memorandum of understanding and agreement (MOU) by National Credit Union Administration (NCUA) Chairman Debbie Matz, U.S. Treasury Acting Assistant Secretary for Financial Institutions Amias Gerety and Treasury Community Development Financial Institutions Fund Director Annie Donovan to facilitate the process to help credit unions serve more low-income and underserved communities.
“We appreciate the collaborative efforts of NCUA and the CDFI Fund to help make it easier for credit unions to access CDFI funds and resources in order to better serve the financial needs of low-income and underserved communities,” said Berger. “Credit unions, as not-for-profit, member-owned financial cooperatives, are uniquely well-suited to fill the financial services needs of these communities.”