The St. Paul, Minn.-based Northwest Area Foundation will fund a pilot project that will pair two community development credit unions with community immigrant organizations to introduce credit union products and services to immigrants, the National Federation of Community Development Credit Unions announced Thursday.
The Federation and an organization called Grantmakers Concerned with Immigrants and Refugees will administer the pair of $37,500 grants. One will go the Sunnyside, Wash.-based Lower Valley Credit Union which is paired with the Seattle-based organization OneAmerica. The other will go to the Bettendorf, Iowa-based Ascentra Credit Union, which is partnered with the Muscatine, Iowa-based Diversity Service Center of Iowa.
Alvaro Macias, community development manager for Ascentra Credit Union explained the credit union's program in the video above.
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