Nusenda’s Co-op Capital growth continues
Alternative community lending model is built on relationships and character.
Nusenda Credit Union Vice President of Community Engagement Sarah Keller.
When Nusenda Credit Union in Albuquerque, N.M., announced the addition of four new partners to its Co-op Capital initiative in November, it marked the further development of a lending program that builds community ties through relationships and trust rather than traditional credit models.
Nusenda’s Co-op Capital program is a character- and relationship-based program that provides microloans for low-income and underbanked entrepreneurs. The lending model provides access to capital through educational, cooperative, and nonprofit organizations that provide customized and impactful microloans for recipients.
The newest Co-op Capital partner organizations are:
- Southwest Native Assets Coalition. The coalition focuses on increasing the number of Native American families in New Mexico and Arizona who have the skills and resources needed for financial success.
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