Start-Up Gets Seed Money From Bank

Published January 21, 2008, 1:00 a.m. EST

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Updated August 27, 2020, 1:27 a.m. EDT

1 Min Read

MILLVILLE, N.J. - With seed capital from a local bank, community activists here are seeking to charter a CU to help low-income residents. Tri-County Community Action said it is seeking to partner with local financial institutions and has contacted state regulators. James Quinn, mayor of this town west of Atlantic City, said Colonial Bank has made a $100,000 donation toward getting the CU started. Quinn is also a on the bank’s board. The CU was announced during a press conference by elected officials at which they announced an effort to cut poverty in half over the next 10 years. (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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