SILVER SPRING, Md. — Opportunity knocks for credit unions tobetter serve the Latino community.
A National Foundation for Credit Counseling/MSN Money 2008Financial Literacy Survey finds that often the basic buildingblocks to financial security is lacking.
According to the survey some 79% or roughly 18.8 million Latinoadults, report that they have never received professional adviceabout financial issues and that 28% admit to struggling to paytheir bills each month. In addition, for most households, housingcosts comprise the single largest monthly expense with roughly 1.7million Latinos reporting that they either paid their mortgage lateor totally missed a payment in the last 12 months.
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