Katrina-Damaged CU Gets NCUALoan

Published April 17, 2006, 1:00 a.m. EDT

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Updated August 27, 2020, 2:14 a.m. EDT

1 Min Read

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 monthsloans 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.

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