DURHAM, N.C. – A new study has concluded that robberies against Latinos in Durham, N.C., decreased approximately 14% between 1999 and 2002, the latter being the year Latino Community Credit Union opened.
The study, from the University of Virginia, said the $103-million LCCU deserves much of the credit for reducing robberies against Latinos, who were previously perceived as likely to be carrying large amounts of cash, as many did not have a relationship with a financial institution.
The study found the credit union is now serving 55,000 people, 75% of whom did not have a deposit account prior to the credit union opening.
