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WASHINGTON—Ahead of a hearing by the Senate Banking subcommittee on how community development financial institutions (CDFIs) support housing and economic opportunity, NAFCU Vice President of Legislative Affairs Brad Thaler told the committee in a letter that  “roughly 40% of certified CDFIs are credit unions, serving a large portion of communities who have historically been underserved by mainstream financial institutions.”

ST. JOSEPH, Trinidad & Tobago–Three former executives and one long-time employee of the St. Joseph-based Eastern Credit Union Co-Operative Society (ECU) have sent a letter to this country’s Commissioner for Co-operatives mexpressing “grave concern about the operations of the ECU” and are calling for an investigation into the credit union and its board.

CAPITOLA, Calif.– Bay Federal Credit Union raised $6,735 for the Monterey Bay National Marine Sanctuary Foundation during an eStatement campaign promoting electronic statements and environmental protection.