Katrina-Damaged CU Gets NCUALoan

Register now

ALEXANDRIA, Va. - (04/17/06) – NCUA announced Friday itawarded three no-interest loans last month through it CommunityDevelopment Revolving Loan Fund, the biggest going to a creditunion severally damaged by Hurricane Katrina. Last month’sloans went to UNO (University of New Orleans) FCU $299,000, as wellas Bethex FCU, New York ($180,000) and Kearney FCU, Kearney, Nebr.($200,000). The agency has made just four of the no-interestdevelopment loans so far this year, the other going to LatinoCommunity FCU, in Durham, North Carolina, in February.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER