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Latino credit union attracts members, but no profit yet in North Carolina

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“Five years ago, a crime wave in Durham that preyed on Latinos with cash in their pockets, no access to banks and a fear of police triggered talks that led to the creation of North Carolina’s first credit union for Latinos.

Today, with more than $22 million in assets and more than 35,000 members, the Latino Community Credit Union is the fastest-growing credit union in the United States.”

SOURCE: in English / Fuente en Ingles
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Posted on: June 14th, 2006
Curation from Tomás
Filed Under: 1. Hispanic News, Business
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