NEW ORLEANS — In his keynote address at the opening session of the National Federation of Community Development Credit Unions' Serving the Underserved Conference, NCUA Vice Chairman Rodney Hood pointed out that June is National Homeownership Month and encouraged credit unions to increase homeownership among the underserved.
Hood outlined some simple things credit unions can do to serve the underserved and ensure homebuyers remain homeowners. Hood commented, "from an economic standpoint, lifting homeownership rates for all Americans has never been more important. Owning a home is the foundation of wealth creation for families and is their quickest path to self-sufficiency." While homeownership is at an all-time high, it is still a struggle for low-to-
moderate income households.
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