Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHARLOTTE, N.C. – Bank of America has committed $240,000 to Durham, North Carolina-based Latino Community Credit Union to help jumpstart its opening. Crime against Hispanics here is on the rise. With many Hispanics keeping their money in their pockets or at home, they are becoming easy targets. Bank of America will provide the Charlotte LCCU branch a $40,000 grant over two years and a $200,000 secondary market deposit that will count, for three years, toward the credit union’s equity. Local Latino organizations are also pitching in and trying to secure a grant from the Foundation of the Carolinas for the new Charlotte branch. The credit union is scheduled to open as soon as it is staffed.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.