The federal regulator of credit unions is making $100,000 available for minority depository institution (MDI) mentoring grants to eligible credit unions, the agency announced Wednesday. The National Credit Union Administration (NCUA) said federally insured credit […]
Feedback on the agency’s strategies to preserve and promote minority depository institutions (MDIs), the Mission-Driven Bank Fund created to channel funds to MDIs and community development financial institutions (CDFIs), and other agency initiatives will be […]
The stand-up of the Mission-Driven Bank Fund by the federal agency that insures bank deposits has made some strides, with a financial advisor and two law firms now engaged to develop the fund’s framework, structure, […]
Issues for minority depository institutions and their communities – including discussion of collaboration “best practices” and, in closed session, of Treasury’s Emergency Capital Investment Program (ECIP) – is slated April 12 by a Federal Deposit […]
Approximately $1.5 million in awards to support digital services and cybersecurity, mentoring of small minority depository institution (MDI) credit unions, and service to underserved communities will be available to low-income-designated credit unions during 2021, the […]
Emphasizing the importance of inclusivity within the credit union community to blunt the economic effects of the pandemic, the chairman of the federal credit union regulatory agency on Tuesday encouraged credit unions to submit applications […]
Experienced financial advising firms are being sought to develop a structure and “operational aspect” for the new “Mission-Driven Bank Fund” being established by the federal insurer of bank deposits to assist minority depository and community […]
The board of the federal credit union regulator is poised to hold its second October open meeting – a rare occurrence – this week, which also features two banking agency advisory panel sessions and three […]
A resource guide to promote private and philanthropic investment partnerships with minority depository institutions (MDIs) and community development financial institutions (CDFI) banks insured by the Federal Deposit Insurance Corp (FDIC) was published Friday by the […]
A proposal revising the Federal Deposit Insurance Corp.’s (FDIC) statement of policy on minority depository institutions (MDIs) made it into the Federal Register Friday and is out for comment until Nov. 24. The FDIC issued […]
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