Industry news

by: Melanie Stern, Senior Program Director, National Federation of CDCUs
I just returned from Albany New York, the state’s capitol, and the 5th Annual Conference of the New York Coalition of Community Development Financial Institutions (CDFI) excited and more invigorated than ever about the growing recognition of the work CDFIs in general and CDFI credit unions in particular do in terms of impact in distressed communities.

by: Troy Hall, Chief Operations Officer, South Carolina Federal Credit Union
Since the introduction of HR1151, credit unions have explored expanding field of memberships through community charters in search of new members. A few credit unions have been somewhat misguided and naively operating under an assumption that just because a credit union could serve a whole county, consumers would then “flock” to the credit union.