In order to succeed in the 21st century, credit unions cannot afford to not serve the enormous and growing population of financially underserved consumer.
FactorTrust CEO Greg Rable says question is whether credit unions can afford not to serve the financially underserved.
As some credit unions around the country gear up to apply for grant money from the U.S. Treasury’s Community Development Financial Institutions Fund, there are indications that credit unions are gradually becoming more sophisticated about navigating the grant writing process.
Feb. 21 day-long session also can be attended online live or accessed later.
Mississippi institution says remote deposit checking feature particularly important in areas with sparse brick and mortar options.
Report says opportunities abound to serve under served market.
Demand for help in seeking Community Development Financial Institutions Fund grants prompts move.
Poughkeepsie, N.Y., credit union earns designation that will help its serve the underserved.
Coopera will help the credit unions identify outreach opportunities and create affordable banking alternatives for Hispanic members.
A new report from the Center for Financial Services Innovation suggests that products and services marketed to unbanked and underbanked consumers could represent a huge and growing market for the nation’s credit unions.