Foundation and Federation Sign Collaboration Agreement
WASHINGTON (6/8/09) – Building on their successful joint initiative Helping Members Avoid or Survive Foreclosure, the National Credit Union Foundation (NCUF) and the National Federation of Community Development Credit Unions (Federation) have signed a collaboration agreement.
“The Foundation and the Federation share a deep commitment to helping the credit union movement fulfill its historic mission of serving people of modest means,” begins the newly signed memorandum of understanding (MOU). “This MOU establishes a framework for the Foundation and the Federation to collaborate effectively and make the most efficient use of scarce resources in order to achieve the greatest positive impact in areas of common interest.”
Specifically, the Foundation and the Federation agree to:
- “Actively seek areas of collaboration through frequent and open communications among officers, program staff and consultants from both parties.”
- “Collaborate in areas of common interest and complementary capacity by identifying opportunities and developing joint strategies and plans that capitalize on the specialized resources and capacities of both parties.”
- “Identify the source of subject matter expertise on joint efforts, and assign final editorial control over information, training or publicity materials to the identified subject matter expert.”
- “Seek opportunities where collaborative efforts may enable the parties to gain access to financial resources that would otherwise be inaccessible to either party independently.”
The next collaboration will take place on July 29 in Milwaukee, Wisconsin.
The Foundation and Federation will deliver joint training at the REAL Solutions® League Liaisons Meeting to explain the mortgage crisis and what leagues and credit unions can do to assist their members and the communities they serve during difficult times.
“Every American will be affected in some way by the foreclosure crisis that is gripping our country,” said NCUF National Program Director Lois Kitsch and Federation Senior Consultant Terry Ratigan in a joint statement. “Credit unions, which set the highest standards as responsible lenders, are on the front lines in the battle for financial stability and economic renewal. With more than 1 million families facing foreclosure this year, credit unions face unprecedented demands from their members for products, services, advice and understanding.”
About the Foundation
|The National Credit Union Foundation is the US credit union movement’s primary national charitable program provider, fundraiser, and grant-maker.|
NCUF’s signature program, REAL Solutions®, helps credit unions provide innovative products and services that have proven effective reaching working families with low wealth and modest means.
NCUF continues to earn the Better Business Bureau seal of approval as an “Accredited Charity” by meeting all 20 of the BBB Wise Giving Alliance Standards for national charities.
For more information about NCUF and its programs, visit www.ncuf.coop.
About the Federation
|The National Federation of Community Development Credit Unions (Federation) represents over 200 community development credit unions (CDCUs) serving urban and rural low-income communities across the United States. The Federation also represents 46 Community Development Partners, some of the nation’s largest credit unions with a special commitment to serving low-income communities.|
Founded in 1974, the Federation is headquartered in Lower Manhattan with offices in Madison, WI; Colorado Springs, CO; and San Francisco, CA. The Federation offers a wide range of advocacy, educational, training, capital, marketing, and outreach programs to support and assist CDCUs.
For more information about the Federation and its programs, please visit: www.cdcu.coop.