TOLEDO, Ohio Nueva Esperanza Community CU, a two-year-old community development credit union serving low-income Latino neighborhoods in Toledo, on Friday was approved by state regulators to serve all 450,000 resident of surrounding Lucas County.
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Nueva Esperanza, Spanish for New Hope, was chartered in September 2010. At the time it was the state’s first new credit union in almost a decade.
The credit union had $1.5 million in assets at year end and reported a $23,000 loss for 2012.
