The National Federation of Community Development Credit Unions is celebrating the inauguration of a new CDCU, this one on Long Island, N.Y.
The NCUA announced earlier in December it will issue a low-income charter to the East River Development Alliance organizing group that is building support for the CDCU.
The National Federation said it has been working with ERDA organizers since the project began, providing market analyses and feasibility studies; developing educational and marketing materials to secure deposit pledges; facilitating strategic planning and business plan development; and guiding organizers through NCUA's extensive chartering process.
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