For Details, Contact:
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National Credit Union
Administration 1775 Duke Street Alexandria, VA 22314-3428 Phone: (703) 518-6330 Web Address: http://www.ncua.gov/ |
FOR IMMEDIATE RELEASE |
Credit Unions Make a Positive Impact in African American CommunitiesAlexandria, Va. February 13, 2008 – National Credit Union Administration Chairman JoAnn Johnson used President George W. Bush’s designation of February 2008 as National African American History Month to highlight important credit union programs and initiatives that are making a positive impact in African American communities. “As we celebrate National African American History Month by honoring the many important accomplishments of African Americans throughout our nation’s rich history, I appreciate the pro-active role credit unions are playing in empowering African American communities, particularly in the area of financial literacy and homeownership,” stated Chairman Johnson. NCUA also continues to play a vital role in increasing economic opportunity in African American communities through the Community Development Revolving Loan Fund. Examples of the positive impact on credit unions primarily serving African American communities include:
“NCUA recognizes there are specific initiatives that can help African American credit union members move along a path of financial health and well-being. I look forward to a very bright future we can all share and of which we can be proud,” added Johnson.
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