6th Faith-based Credit Union Conference & 31st Annual Meeting
Press Releases
NCUA Board Member Debbie Matz Opens Federation's 31st Annual Meeting
(June 9, 2005 - San Francisco, CA) Board Member Matz addressed the opening sessions of the Federation's Annual Meeting in San Francisco, which was attended by more than 250 representatives of credit unions, government agencies, funders, and Federation partners.
For the text of her remarks, please click here.
Federation Honors CDCU Heroes
(June 10, 2005 - San Francisco, CA) On Friday June 10 the National Federation of Community Development Credit Unions (the Federation) held the 13th Annual Annie Vamper “Helping Hands” Awards Luncheon, the Community Development Credit Union (CDCU) movement’s highest honor. The 2005 Vamper Awards were presented at the Federation’s 31st Annual Meeting in San Francisco, California to an audience of members of the CDCU movement, distinguished guests, and friends of the Federation. This year’s awards were supported by CUNA Mutual Group and U.S. Central Credit Union.
Each year since 1993, The Federation has celebrated the people whose unselfish work for the CDCU movement carries on Annie Vamper’s legacy. This year’s recipients of the “Helping Hands” Award are Mrs. Lillian M. Bent from Union Settlement FCU (New York, NY) and Mrs. Daisy Q. White from 1st Delta FCU (Marks, MS).
To view the full press release, please click here.
CDCU Interview with Danny Glover
(June 11, 2005 – San Francisco, CA) According to Danny Glover, a successful career in movies has only enhanced his lifelong commitment to promoting community development and social justice. The famed actor, director and producer spoke at the closing session of the National Federation of Community Development Credit Union’s 31st Annual Meeting on Saturday June 11, 2005. His presentation was in a question and answer format with Glover’s close friend and fellow San Franciscan, Felix Justice, conducting the interview and accepting questions from the audience.
Glover is a member of Mission Area FCU, a community development credit union (CDCU) based in the Mission District of San Francisco. Since his days as a student activist at San Francisco State College, Mr. Glover has shared the vision of the CDCU movement and devoted much of his life tophilanthropy and community development. When asked about the prospects of achieving economic justice in America, Glover praised the “unheralded work of CDCUs,” adding that their work “has played a key role in creating a sense of empowerment and self-determination” for low-income people and communities.
To view the full press release, please click here.
Federation Elects 2005-2006 Board Officers
(June 11, 2005 - San Francisco, CA) Immediately after the Business Meeting at the Federation’s 31st Annual Meeting in San Francisco, CA, the Directors of the Federation’s Board met to elect its officers. Retaining their current positions on the Board’s executive committee were Chairwoman Rita L. Haynes from Cleveland’s Faith Community United CU and Correspondent Secretary Sally Edwards from Denver's Zion United CU. Former Recording Secretary, Michael Chan from San Francisco's Northeast Community FCU, will also remain on the Executive Committee, becoming Treasurer of the Board.
Newcomers to the executive committee include newly elected Vice-chair Eunice J. Rogers from Birmingham, Alabama’s NRS Community Development FCU, and Recording Secretary Melissa Marquez from Rochester, New York's Genesee Co-op FCU. Both Marquez and Rogers have been active members on the Federation’s Board, chairing the Governmental Affairs Committee and Annual Meeting Committee, respectively.
To view our full press release, please click here.
CDCUs Show Robust Growth Despite Decline of Small CUs
(June 15, 2005 New York, NY) At its recently concluded 31st Annual Meeting in San Francisco, the Federation released the first of a series of publications analyzing financial trends as of fiscal year-end 2004 for 225 community development credit unions (CDCUs), institutions that promote ownership of assets and savings, and access to affordable credit and financial services to low-income people, often specifically to minority populations and communities.
The new report compares CDCU performance to those of federally insured credit unions (FICUs) and found that in 2004, CDCUs experienced higher growth in assets, loans, shares, and net worth than FICUs in the same period. Particularly, the study found that CDCU membership increased at a significantly higher rate relative to the rest of the credit union industry; an aggregate increase of 8% for CDCUs versus the FICU average of 1.5%.
To view the full press release, please click here.
To access the full report, please click here.
