Citi Adds Support to Credit Unions Group and 2 Other Hot Stocks to Watch
Citigroup (NYSE:C): Current price $51.90
On Thursday, the National Federation of Community Development Credit Unions announced a couple of far-reaching initiatives investing in the future of community credit unions. The projects are funded by $375,000 in contributions from Citi Community Development, and both will help establish the systems and the leadership required to continue providing high-quality financial services to low- and moderate-income communities in the United States. Concurrently, an additional $250,000 in support from Citi will permit the Federation to create uniform, shared procedures for back-office processing and services, among which include technical support, member service and accounting support teams. The new procedures should boost efficiency and facilitate consistent delivery of services to millions of families who now see limited access to affordable financial products and services.