Filene Fill-in Episode #44
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Ep. 44: "Is your credit union ready to welcome me?" with Dreamer Kenia Calderon
Kenia Calderon shares her experience getting a loan for her DACA application.
- Diversifying Demographics: The episode discusses the importance of credit unions diversifying their member base by targeting younger demographics like immigrant and Latino communities to lower the average member age.
- Success with ITIN Lending Programs: A credit union in Iowa is highlighted as a success story, having implemented an ITIN lending program to serve the Latino community, resulting in membership growth and increased revenue.
- Strategic Approach: The speakers emphasize the need for a strategic approach in serving diverse communities to meet overall credit union goals, such as growing loan portfolios and staying relevant.
- Political Environment: While there's mention of concerns about the political environment regarding immigration, many credit unions are taking a positive stance and actively seeking to serve immigrant populations.
- The Business Case for Inclusivity: The episode underscores that serving immigrant and Latino communities is not only a matter of social responsibility, but also makes good business sense for credit unions, and it encourages them to improve accessibility and inclusivity.
