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08/31/15 12:55 PM
and Nix Neighborhood Lending (Nix) partnered with Los Angeles Fire Department (LAFD)
Fire Station #64 and the Los Angeles Police Department (LAPD) Southeast Division to donate nearly 470
backpacks filled with school supplies to students in Watts. Assemblyman Mike A. Gipson, Los Angeles City
Councilman Marqueece Harris-Dawson, and “Sweet Alice” Harris were on hand to show their support.
Kinecta and Nix held a month-long collection campaign collecting nearly 600 backpacks filled with school
supplies with additional backpacks donated by the Richstone Family Center, Thomas House Family Shelter,
and other schools and community organizations.
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From the Editors of CU Weekly
ROYCE: NEXT STEP FOR MBL LEGISLATION
|Rep. Ed Royce R-CA
02/25/14 12:37 PM
'We Still Have Work to Do'
Representative Ed Royce, R-CA, announced today during the Credit Union National Association's 2014 Governmental Affairs Conference (GAC) that he will introduce legislation giving parity for credit unions with respect to standing law for banks.
The legislation is a complement to H.R. 688, the Credit Union Residential Loan Parity Act, to exempt loans for non-owner occupied one-to-four unit dwellings from the current member business lending cap on credit unions (12.25 percent of assets).
"While it's not a panacea to your business lending needs, it will greatly improve how you serve your members," Royce said.