NEW YORK The National Federation of Community CUs yesterday said it received $125,000 from Citibank’s Citi Community Development to help train managers for low-income credit unions around the country.
The Citi grant will fund six-month fellowship programs in up to 15 participating credit unions serving some of the most impoverished and financially underserved communities in the country. The intensive training program will include a two-week summer institute, including one week of in-person training in New York City, online training, and ongoing support throughout the six-month program, Citi said.
Citi is providing an additional $250,000 technology grant to help the Federation create uniform, shared procedures for back-office processing and services, including technical support, member service and accounting support teams.
