Three Northwest credit unions have been awarded nearly $700,000 from the U.S. Treasury Department’s Community Development Financial Institutions fund for financial and technical assistance. The awards enable CDFIs to increase lending and investments in low-income and economically distressed communities.
A bill that would more than double the MBL cap was introduced in the House of Representatives this morning, and another that would give credit unions access to supplemental capital is expected to be introduced in the House this afternoon.
A bill was introduced in Congress last week that would allow credit unions to accept supplemental capital, enabling them to offer more affordable financial services to consumers and to grant more job-creating loans.
Credit union employees, in partnership with Credit Unions for Kids, are encouraged to donate $5 in exchange for the opportunity to wear jeans to work on Wed., Sept. 14. All proceeds benefit Childrenâ€™s Miracle Network Hospitals.