Last month the Federation announced that its 33rd Annual Meeting and 7th Faith-based Credit Union Conference, originally scheduled to take place next year in Dallas, would instead be held in New Orleans.
"Our staff made several trips to New Orleans over the past year," said Rosenthal. "We saw an outpouring of gratitude for our business by the people that continue to live and work in the city."
Based on these visits, the Federation's Board of Directors decided to move next year's meetings to New Orleans as a show of solidarity in the true spirit of people helping people.
"We hope our conferences next year will draw even more representatives from the credit union movement than ever before," said Rosenthal. "This is an opportunity to stimulate the local economy and shine a spotlight on the tremendous work being done by credit unions."
ASI Federal Credit Union (www.asifcu.org) was chartered in 1961 to serve working class members in New Orleans and surrounding areas of the city. The credit union exists as a low-income designated Community Development Financial Institution. ASI's mission is to serve the underserved, to promote economic empowerment, and to provide affordable financial products and services to people with little or no credit. Over 60% of ASI's 87,000 members fall below the poverty level. ASI FCU is one of the largest CDCUs in the country and is a member of the National Federation of Community Development Credit Unions.
National Credit Union Foundation Commits $100,000 to IDA Program
ASI FCU in Harahan will use grant funding to open Individual Development Accounts (IDAs) for down payment assistance targeted to low-income families in an area damaged by Hurricane Katrina. This will complement the credit union’s housing counseling service through a HUD grant from NCUF.