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Community Federal Credit Union
A community federal credit union, in the United States, is based upon the cooperative concept of traditional credit unions but differs substantially in its scope of membership. Unlike the majority of credit unions nationally, the community credit union is based upon geographical membership and not worksite or union commonality. The very first such credit union in the United States was founded in 1970 in Isla Vista, California (Santa Barbara County) as a direct result of the burning of a branch of Bank of America. Initial organizers and members of the credit union Board of Directors included Wanda Michalenko, Matthew Steen, David Vaughn, Charlie Jones, David Bearman and others. This modest founding model later grew into community organizing against redlining and the eventual passage of the Community Reinvestment Act in the State of California and other states that currently allow government reserves and other municipal funds to be transferred into Credit Union National Association, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five major unincorporated territories, nine United States Minor Outlying Islands, Minor Outlying Islands, and 326 Indian reservations. The United States is also in Compact of Free Association, free association with three Oceania, Pacific Island Sovereign state, sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Palau, Republic of Palau. It is the world's List of countries and dependencies by area, third-largest country by both land and total area. It shares land borders Canada–United States border, with Canada to its north and Mexico–United States border, with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the List of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isla Vista, California
Isla Vista is an unincorporated community and census-designated place (CDP) in Santa Barbara County, California in the United States. As of 2020 census, the community had a population of 15,500. The majority of residents are college students at the University of California, Santa Barbara or at Santa Barbara City College. The beachside community of Isla Vista lies on a flat plateau about in elevation, separated from the beach by a bluff. Isla Vista enjoys a Mediterranean climate and often has slightly less precipitation than either Santa Barbara or Goleta. Isla Vista is located on a south-facing portion of the Santa Barbara County coast, between Coal Oil Point and Campus Point in view of the Channel Islands. During El Niño years, precipitation in Isla Vista can be excessive and potentially dangerous. Some homes and apartments built on the south side of Del Playa Drive, most popular with students due to their direct ocean views, are in danger of collapse, since they are buil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santa Barbara County
Santa Barbara County, California, officially the County of Santa Barbara, is located in Southern California. As of the 2020 census, the population was 448,229. The county seat is Santa Barbara, and the largest city is Santa Maria. Santa Barbara County comprises the Santa Maria-Santa Barbara, CA Metropolitan Statistical Area. Most of the county is part of the California Central Coast. Mainstays of the county's economy include engineering, resource extraction (particularly petroleum extraction and diatomaceous earth mining), winemaking, agriculture, and education. The software development and tourism industries are important employers in the southern part of the county. Southern Santa Barbara County is sometimes considered the northern cultural boundary of Southern California. History The Santa Barbara County area, including the Northern Channel Islands, was first settled by Native Americans at least 13,000 years ago. Evidence for a Paleoindian presence has been found in the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matthew Steen
Matthew Landy Steen (born August 22, 1949), also known under the alias William Hollis Coquillette is a former member of Weather Underground Organization and Students for a Democratic Society. In 1972 he was indicted on federal conspiracy and bank robbery charges to finance radical leftist Weatherman activities, sentenced to a ten-year federal prison term. In June, 1972 Steen attempted to be an informant for the FBI about the February, 1970 San Francisco Park Station Bombing. Steen was featured on the lead segment of ''60 Minutes'', "Fake ID", in an interview with Mike Wallace, first aired February 1, 1976. This was the first time a former Weatherman had ever appeared on national television. He was queried about false identities and traveler's check fraud. 1976 ''60 Minutes'' interview Interviewed in Beverly Hills in mid-1975 by Mike Wallace, Steen responded to questions about identity theft (he possessed ID of at least 150 people) and how he purchased and reported stolen som ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Reinvestment Act
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, ''et seq.'') is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.Text of Housing and Community Development Act of 1977 — Title VIII (Community Reinvestment) Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as |
Credit Union National Association
The Credit Union National Association, commonly known as CUNA (pronounced "Cue-Nuh"), is a national trade association for both state- and federally chartered credit unions located in the United States. CUNA provides member credit unions with trade association services, such as lobbying, regulatory advocacy, professional development, and professional services management. The organization operates out of its headquarters in Washington, D.C., and an operations center in Madison, Wisconsin. CUNA's president and chief executive officer Jim Nussle has led the organization since September 2014. Services and support CUNA is supported through dues paid by credit unions through their local league dues and fees generated from services provided. CUNA has previously operated a for-profit "CUNA Services Corp." However, many of the pass-through services, such as credit card processing and individual retirement account (IRA) administration, have been sold to other vendors. CUNA also houses e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of California, Santa Barbara
The University of California, Santa Barbara (UC Santa Barbara or UCSB) is a public land-grant research university in Santa Barbara, California with 23,196 undergraduates and 2,983 graduate students enrolled in 2021–2022. It is part of the University of California 10-university system. Tracing its roots back to 1891 as an independent teachers' college, UCSB joined the University of California system in 1944, and is the third-oldest undergraduate campus in the system, after UC Berkeley and UCLA. Located on a WWII-era Marine air station, UC Santa Barbara is organized into three undergraduate colleges ( College of Letters and Science, College of Engineering, College of Creative Studies) and two graduate schools ( Gevirtz Graduate School of Education and Bren School of Environmental Science & Management), offering more than 200 degrees and programs. The university has 10 national research centers, including the Kavli Institute for Theoretical Physics and the Center for Contro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union Service Organization
Credit union service organizations (CUSOs) are corporate entities in the United States that are owned by federally chartered or federally insured, state chartered credit unions. Under US federal law and the National Credit Union Administration regulations Part 712, federal credit unions may make an investment in or a loan to a CUSO. Aggregate investments in CUSOs by federal credit unions may not exceed 1% of paid in and unimpaired capital, and aggregate loans to CUSOs may not exceed 1% of paid in and unimpaired capital. (State chartered credit unions will follow state law and in some instances, these limitations may be different.) Every CUSO must be subject to a legal opinion to ensure the proposed structure is permissible and does not engage in unauthorized activities and to ensure that potential liabilities are limited to the funds invested or loaned to it. Furthermore, every CUSO must explicitly allow the National Credit Union Administration the right to review its bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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