The debut of a new financial "university" by HarborOne Credit Union to serve low- and middle-income communities has received praise from Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.
Frank attended the June 4 opening of the CU's HarborOneU in Mansfield, Mass., a new center that will offer seminars on youth financial literacy, first-time home buying, credit counseling, retirement and estate planning. The offerings will also include health and wellness seminars, searching for the right college, selecting elder care options, understanding Social Security and Medicare benefits, professional development opportunities and other programs geared toward dealing with various life-stage events.
"They have a commitment to a better community, making sure people in the middle ranges and below middle ranges of income are fully served. This is an example of it," Frank said of credit unions and HarborOneU. "What would be a wise financial decision for some people would be an unwise one for others. That's why what HarborOne is doing is so important."
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