Point West was chosen for the Non-Citizen Lending Program, which offers credit cards, personal loans, and vehicle loans to non-citizens at the same rates as traditional consumer lending products.
The fair will be held south of Seattle and is meant to connect minority and women owned businesses with financing options.
The board plans to address a number of important topics, including minority depository institutions and loans in areas with flood hazards.
The NWCUA’s director of regulatory avocacy takes a deeper dive into last week’s NCUA board meeting. It is an important meeting for credit unions.
The NCUA has clarified that new questions addressing minority credit unions and workplace diversity, which were added to fourth-quarter call report documents with no explanation from the agency, are required by the Dodd-Frank Wall Street Reform Act.