Search
 

Dollar Praises Bush Budget Plan

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar praised President George W. Bush's budget plan as "deeply committed to strengthening our economy and providing opportunities for people from all walks of life," two hallmarks of his own administration. "Credit unions can play a significant role in helping their members take advantage of these...

By Staff Writer | Updated on February 11, 2003

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar praised President George W. Bush’s budget plan as “deeply committed to strengthening our economy and providing opportunities for people from all walks of life,” two hallmarks of his own administration. “Credit unions can play a significant role in helping their members take advantage of these opportunities. I have long been an advocate of budget efficiency and strengthened program performance from all federal agencies,” Dollar remarked. The chairman applauded the inclusion of an additional $1 million in the budget for NCUA’s Community Development Revolving Loan program, as well as continued funding of the Treasury Departments Community Development Financial Institution’s program, despite controversy over the level of funding. “In addition,” Dollar said, “I want to encourage credit unions to take a look at the many initiatives the President has announced in this 2004 budget, including increased funding for mortgage lending initiatives and financial counseling, as well as innovative homeownership programs – all of these truly support America’s credit unions’ heartbeat of service and continues to be consistent with NCUA’s Access Across America initiative.” President Bush’s budget plan, as it relates to credit unions, portends to build upon the efforts of community-based, charitable organizations, increase the number of minority homeowners, raises incentives for small businesses to grow and invest, and increases the budgets for the House Counseling program by 22% and the Neighborhood Reinvestment Corporation by 9%.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.