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Matz Praises Low-Income Credit Union Loan Performance

NCUA Board chair says low-income credit unions are growing stronger, lending more than other types of financial institutions.

By Heather Anderson | Updated on June 15, 2012

In a speech before the annual conference of the National Federation of Community Development Credit Unions in Atlanta on Friday, NCUA Board Chairman Debbie Matz said low-income designated credit unions are lending more than other types of financial institutions, and growing stronger as a result of NCUA assistance.

“Low-income credit unions are national trendsetters. These dedicated financial cooperatives are leading other lenders in loan growth, while strengthening their safety and soundness,” Matz said. “The collective success of low-income credit unions demonstrates that credit unions can do well while serving people of modest means.”

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