NFCDCUNational Federation of Community Development Credit Unions
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By aggregating the accounting, compliance and processing functions across credit unions, CU Impact is expected to achieve economies of scale for member cooperatives, according to the NFCDCU and EPL.
NFCDCU President/CEO Cathie Mahon said in a prepared statement that CU Impact will enable credit unions of all sizes to share and multiply the impact of successful local programs and allow the NFCDCU to focus on product and investment innovations with national impact.
The NFCDCU also announced it received a grant of $599,500 from The W.K.
Then the recession hit, with turmoil in the mortgage market Even as a recovery is evidently under way, like most mainstream credit unions the NFCDCU feels the price offered by the secondary market is below what it should be.
The NFCDCU said that in its own research efforts, the tracking has been a road block.
"That's home for us," Jorgensen said of the commonalities Grameen and NFCDCU have.
The federation has been focusing its efforts over the past several years to building bridges between credit unions of all types and sizes, said NFCDCU President/CEO Cliff Rosenthal.
Last year, UNFCU became the first credit union in the nation to participate directly in the NFCDCU's Community Development Investment Program with a $500,000 investment.