Posts From the monthly archives: "January 2020"

Jan 28, 2020, 2:19pm EST Why Albany’s Community Loan Fund sees opportunity in Cuomo’s new banking proposal Gov. Andrew Cuomo wants to bring $25 million to organizations that offer low-cost loans to low-income communities as well as minority and women-owned businesses. The program could be a boost for organizations…(Read More)

Governor Cuomo Proposes $25 Million in New Funding for CDFIs Governor Andrew Cuomo announced on Monday a proposal to provide $25 million in new seed funding over five years for New York’s CDFI Fund through the creation of the Excelsior Banking Network. The proposal, announced in conjunction with his 2020 State of the State…(Read More)

The original article was written by Oscar Perry Abello and can be found here at Next City One evening last September, at Brooklyn Cooperative Federal Credit Union’s main branch in Bed-Stuy, the credit union staff hosted a town hall to walk members through the credit union’s balance sheet — deposits, loans, other investments…(Read More)