MIAMI GARDENS, Fla. – A seven-member committee formed to assist city officials with its $6.2 million deficit will have the expertise of Beverly Coffey, manager of North Dade Community Development FCU. The financial advisory group has been tapped to go over revenues and expenditures with a fine-tooth comb so that the newly-structured city can pay back the money Miami-Dade County here says it owes for a number of services. Coffey along with other committee members were appointed by Miami Gardens city council members and Mayor Shirley Gibson. Since the group's first meeting earlier this year, plans to introduce occupational-license applications and alarm permits to raise revenue are underway. With the input of Coffey and others, a revised city budget will be submitted on April 12. Chartered in 1997, North Dade Community Development FCU has 2,955 members and $3.4 million in assets.

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:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
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.