Credit union pledges $7 million to UNC-CH

From staff reportsMay 22, 2014 

— UNC-Chapel Hill’s School of Government received a pledge of $7.1 million for projects to support local governments across the state, the university announced Thursday.

The pledge, from the Local Government Federal Credit Union, will go to several programs, including $2.84 million over the next decade for the school’s Development Finance Initiative, which helps economically distressed communities attract private investment with new financial tools.

Another $2.22 million will go to a fellowship program to develop new local government leaders, and $2.04 million in unrestricted money will be put into the school’s innovation fund.

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