EL PASO, Texas – The National CU Foundation and Fannie Mae announced matching $25,000 grants yesterday to help fund a savings campaigned targeted towards the burgeoning Hispanic population. Almost two dozen credit unions focusing on Hispanic communities will participate in ‘Hispanic America Saves,’ an affiliate of the Consumer Federation of America’s ‘America Saves’ campaign. It will be modeled after ‘El Paso Saves,’ a successful program developed two years ago by the El Paso Affordable CUSO, owned by eight area credit unions, that focuses on attracting new Hispanic members, enlisting the unbanked in mainline financial services and providing financial education. Each of the participating credit unions will be challenged to open at least 1,000 savings accounts for Hispanic households. Other participating credit unions include: Arrowhead CU, El Futuro FCU, Latino Community CU, OAS FCU, Self Help CU, West Texas CU, Border FCU. The National Federation of CDCUs will also participate in the savings campaign.
-
A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
10h ago -
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
11h ago -
In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
11h ago - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
July 1 -
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
July 1 -
The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
July 1