DURHAM, N.C. — The $51 million Latino Community Credit Union isone of four community development financial institutions that arefinalists in competition for a package of loans and grants thatcould be as much as $5.5 million.

|

The awards, which total $8.25 million, are a cooperative prizeoffered by Wachovia Bank and the John D. and Catherine T. MacArthurFoundation. Latino had to win several initial rounds of thecompetition to get to this point, according to its CEO Luis Pastor.If the credit union wins it will be in category of financialinstitutions of $50 million and above and its share of the $8.25million will be $5.5 million.

|

“We are delighted to be selected as a finalist for the WachoviaNEXT Awards for Opportunity Finance. This validates our hard workin the community and our efforts to provide affordable financialservices to families and neighborhoods that might not otherwisehave access to it. We are honored to be chosen as finalists for anaward that could really transform Latino Community Credit Union andtake it to the next level, allowing our credit union to impact morefamilies in the community,” Pastor said.

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

  • 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.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.