Resource published Mon, Jun 13, 2011 at 11:25PM UTC edited Sat, Jun 18, 2011 at 01:49AM UTC
PCBR Profile: The National Federation of Community Development Credit Unions Edit Title
The National Federation of Community Development Credit Unions is a membership organization of community development credit unions (CDCUs). Begun in the 1970’s with federal dollars, it lost federal support between 1980 and 1982. It was rebuilt during subsequent years with initial contributions from a number of foundations, and a financial plan based on more diverse funding sources. It (1) strengthens and empowers member credit unions helping low-income communities to achieve effective, community-controlled economic development; (2) works nationally to assure the evolving financial system responds to the needs of low-income communities, and that CDCUs have the tools and resources to meet emerging challenges; and (3) strives to assure that the CDCU movement is both permanent and self-sufficient, by developing local and national CDCU leadership, providing forums for communication among CDCUs, and developing the resources necessary to achieve stated goals.
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