first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by. Mark HolanThe number of credit unions designated to serve low-income members has nearly doubled in the two years since the National Credit Union Administration began an initiative to increase small business lending and financial literacy programs.The federal agency says there are now 2,107 low income-designated credit unions nationwide, up from 1,140 in August 2012. There are nearly two dozen such credit unions in Greater Washington. They are listed below.To qualify, a simple majority of the credit union’s members must have median household incomes of 80 percent or less of the median family income in the metropolitan area. In Greater Washington, that was $88,233 in 2012, according to U.S. Census data.“We were very surprised to find that we were eligible,” said Joseph Thomas Jr., CEO of Fairfax County Federal Credit Union. Many of its 14,500 members are active or retired county employees. continue reading »last_img