Board Member Hyland Visits Operation HOPE Inside Partnership at Treasury Department Federal Credit Union
Alexandria, Va., April 2, 2009 – National Credit Union Administration Board Member Gigi Hyland visited Treasury Department Federal Credit Union (FCU) in Washington, D.C., April 1, 2009, to meet with staff and CEO, Alfred Scipio, as well as Operation HOPE CEO and founder, John Hope Bryant. Operation HOPE is a non-profit, public benefit organization with the mission of expanding economic opportunity in underserved communities through economic education and empowerment.
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NCUA Board Member Hyland and
Operation HOPE CEO John Hope Bryant |
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“I am very excited that Treasury Department FCU has found a way to expand its ability to reach out to members and those within its field of membership. The credit union provides essential tools to local low-income residents to enable them to understand and cope with current and future financial challenges,” said Hyland. “I also appreciate Mr. Bryant’s observation that both his organization and credit unions share a common interest—serving people.”
The HOPE partnership with Treasury Department FCU, called HOPE Inside, is the first of its kind in the Eastern United States, and the first ever in a credit union. Through the partnership, Treasury Department FCU provides financial literacy and economic empowerment financial services to its members, including seminars on home buyer education and credit and money management education. In its first year, the credit union assisted over 2,740 members.
The National Credit Union Administration is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit f the U.S. government, also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of nearly 89 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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