NCUA, USDA in rural pact - Newsline - USDA to make rural economic development funds available through National Credit Union Association members - Brief Article
Rural Cooperatives, Nov-Dec, 2002 by Patrick Duffey
An agreement has been signed between the National Credit Union Association and USDA to make rural economic development funds available through the nation's 3,300 state-chartered credit unions for business, home and community projects. Thomas C. Dorr, USDA under secretary for rural development, said the opening of new markets "will bring credit unions more flexibility in developing lending strategies and stimulating further economic development in historically underserved areas.
USDA and NCUA will promote accessibility of resources through USDA to assist the low-income population in communities served by credit unions," Dorr said.
COPYRIGHT 2002 U.S. Department of Agriculture, Rural Business - Cooperative Service
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