Bethex FCU Wins $25,000 Wells Fargo NEXT Award

Register now

BRONX, N.Y. – Bethex FCU is one of four community development financial institutions to win a $25,000 Wachovia Wells Fargo NEXT Award for Opportunity Finance.

The $16 million community development credit union was awarded the Community Impact prize for achieving a high volume and quality of community outputs to a severely distressed market where the poverty rate is 40.8% and more than half of the children live in poverty.

The other winners of the awards are: Forward Community Investments of Madison, Wis., for its work representing the very low-income un-served and underserved communities of Wisconsin; Business Carolina, a Columbia, S.C., a small business incubator; and Access to Capital for Entrepreneurs, formerly known as Appalachian Community Enterprises, of Cleveland, Ga., for its green microenterprise and business lending program.


For reprint and licensing requests for this article, click here.