Legislature Asked To Fund NewCDCU

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ALBUQUERQUE, N.M. - (03/02/05) -- Organizers of a low-income creditunion being planned for the community of Barelas are requesting a$200,000 grant from the state legislature to help it get a charter.The money would help organizers make plans and go through thefederal chartering process with NCUA. The request was approved lastweek by the Senate Finance Committee and will be considered by theHouse Finance Committee. The credit union is being sponsored by theBarelas Community Development Corp.

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