The pullout by banks in financing nonprofit charities opened the door to Alabama's largest credit union, the $2.5 billion Redstone FCU, for a linkup with a local YMCA.

Officials of the Huntsville-based CU forecast that the YMCA tie-in, which includes a $15 million construction and bridge loan plus the CU member benefit of lower group rates for those who join the YMCA, could become a model for other relationships.

"We're very pleased that we're able to fill a void at an important charity in our community," said Joseph Newberry, president/CEO of Redstone.

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