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National Credit Union Administration
1775 Duke Street
Alexandria, VA 22314-3428
www.ncua.gov

 Media Contact: Molly Schar
Phone: (703) 518-6338
Fax: (703) 518-6409
Email: mschar@ncua.gov


NCUA News Release

FOR IMMEDIATE RELEASE

PALS Workshop Agenda Released on Alternatives to Predatory Lending

Jan. 26 Dallas Workshop to Feature Prominent Credit Union Representatives

October 8, 2003, Alexandria, Va. – Credit union officials from across America will gather in Dallas on Jan. 26 to share best practices for offering alternatives to predatory financial practices. The National Credit Union Administration (NCUA), a federal financial regulator, today released the agenda (attached).

NCUA Board Member Debbie Matz will host the free workshop as part of her Partnering and Leadership Successes (PALS) initiative. “This PALS workshop is an opportunity for credit unions to share their innovative programs to prevent their members and communities from being victimized by predatory lenders,” said Matz.

Co-hosted by the National Association of Federal Credit Unions (NAFCU), the Texas Credit Union League and Texas Credit Union Foundation, the workshop will feature panel discussions on topics including:

  • Payday loan alternatives;
  • Affordable homeownership financing;
  • Risk-based lending;
  • Innovative financial education;
  • Individual development accounts (IDAs);
  • International remittances;
  • Volunteer income tax assistance (VITA);
  • Partnerships with community organizations, and
  • Mobile and in-store branches.

To view the complete agenda, registration materials and information on this and other PALS programs, visit www.ncua.gov or call 703-518-6610. Participants are encouraged to register early because seating is limited.

The National Credit Union Administration, governed by a three-member board appointed by the President and confirmed by the Senate, is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 80 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.