ERIC Number: ED120368
Record Type: Non-Journal
Publication Date: 1974
Reference Count: N/A
The Community Development Credit Union: A Proposal for Strengthening and Expanding the Impact of this Effective Low Income Community Development Agent.
National Federation of Community Development Credit Unions, Brooklyn, NY.
The expansion of community development credit unions through a grant from the Office of Economic Opportunity is proposed and elaborated on by a current examination of the program. Described as consumer-owned, neighborhood-based financial institutions, more than 250 of these community credit unions are presently serving low-income communities throughout the United States, providing credit, consumer services, and business, home improvement, and education loans. The National Federation of Community Development Credit Unions was formed in 1974 and assists eligible credit unions in achieving self-sufficiency. A general administrative plan for the Federation is outlined, including a business plan, with technical assistance services, capitalization program, planned subsidy program, data processing, and evaluation; staff; and budget. Appended materials include: a listing of Community Development Credit Unions by State; the Credit Union National Association (CUNA) study (46 pages) evaluating community credit unions, with financial analysis, conclusions and recommendations, and tables; a listing of board of directors and officers of the National Federation; and two examples of credit union business plans: CABS Demonstration Federal Credit Union, Brooklyn, New York (38 pages), and the Lower East Side Federal Credit Union, New York (28 pages). (LH)
Descriptors: Community Development, Community Organizations, Community Services, Consumer Economics, Credit (Finance), Financial Services, Low Income Groups, Money Management, Poverty Areas, Program Administration, Program Budgeting, Program Descriptions, Program Development, Program Evaluation, Program Proposals
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: National Federation of Community Development Credit Unions, Brooklyn, NY.