Federal Reserve Bank of Richmond: Tracing the History of Community Development Credit Unions
May 09, 2025
May 09, 2025
RICHMOND, Virginia, May 9 -- The Federal Reserve Bank of Richmond issued the following Regional Matters analysis by Taylor Pessin:
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Tracing the History of Community Development Credit Unions
Introduction and Early History
When the Community Reinvestment Act was passed in the late 1970s, Congress tasked the 12 Federal Reserve Banks with ensuring that supervised financial institutions meet the credit needs of the communities they serve. Comm . . .
* * *
Tracing the History of Community Development Credit Unions
Introduction and Early History
When the Community Reinvestment Act was passed in the late 1970s, Congress tasked the 12 Federal Reserve Banks with ensuring that supervised financial institutions meet the credit needs of the communities they serve. Comm . . .