San Diego CUs Have Faith In CUStart-Up

June 16, 2006, 1:00 a.m. EDT 1 Min Read

SAN DIEGO - (06/16/06) The CU Alliance of 23 areacredit unions have developed an assistance package for tiny FaithBased FCU, a three-year-old credit union serving the low-incomepopulation of nearby Oceanside. The credit unions will provide the$900,000 credit union, which claims just 250 members, $10,000 infinancial assistance and will provide volunteers to assist withloan collection, marketing, advertising and daily operations.Despite its name membership in the credit union fledgling is notbased on any religious faith, but on geography and income level.The CU Alliance of San Diego is comprised of several of theareas largest credit unions, among them Cabrillo CU, FirstFuture CU, Miramar FCU, North Island CU, San Diego Metropolitan CUand USA FCU.

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