An effort by the $1.8 billion HarborOne Credit Union to serve underserved and immigrant communities gained the credit union the 2010 Herb Wegner Award for Outstanding Organization from the National Credit Union Foundation.
The credit union's Multicultural Banking Center serves as a financial gateway where thousands of immigrants learn to achieve the American dream, the NCUF said when announcing the award.
"Immigrants who settle in Massachusetts are fortunate to have a caring organization like HarborOne Credit Union's MultiCultural Center," affirmed NCUF Awards & Recognition Committee Chairman Bob Schumacher, CEO of MountainCrest Credit Union in Arlington, Wash. "The Center has become a national model to deliver critical human services needed for credit unions to reach new immigrants in order to build trusting financial relationships."
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"We are very proud that the National Credit Union Foundation is looking at our MultiCultural Banking Center as a model," said HarborOne Credit Union President/CEO James Blake. "The Center works to create educated consumers who recognize the traps and gimmicks used by predatory lenders. This is the first step in ensuring that people never have to face the prospect of losing their homes."
The center has been open since late 2007.
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