7 U.S. credit unions receive 2017 Warren Morrow Hispanic Growth Fund Grant for Hispanic outreach
DES MOINES, IA (September 25, 2017) — The 2017 Warren Morrow Hispanic Growth Fund Grant will help seven Juntos Avanzamos designated credit unions continue their Hispanic outreach and community impact efforts. Named in honor of the late Warren Morrow, who dedicated his life and career to helping the underserved and empowering the Hispanic community, each grant provides up to $1,500 for initiatives focused on Hispanic membership growth. This year’s recipients include:
● Ascentra Credit Union, Bettendorf, Iowa
● DC Federal Credit Union, Washington, D.C.
● JetStream Federal Credit Union, Miami Lakes, Florida
● Members Credit Union, Cos Cob, Connecticut
● Nueva Esperanza Community Credit Union, Toledo, Ohio
● Point West Credit Union, Portland, Oregon
● Santa Cruz Community Credit Union, Santa Cruz, California
“We received an overwhelming number of applications this year, which made the selection process very difficult,” said Miriam De Dios Woodword, CEO of Coopera, the Hispanic market strategy firm that created the grant along with the Credit Union National Association (CUNA) and the National Credit Union Foundation (NCUF). “However, reading through the applications, especially as we begin National Hispanic Heritage Month, gave me a renewed appreciation for the work that’s being done across the country to better the financial lives of all consumers.”
For the 2017 grant, credit unions with $500 million or less in assets and the national Juntos Avanzamos designation could request funds in one of four categories: Hispanic Growth Products and Services; Hispanic Professional Development and Education; Hispanic Scholarship Program; or Hispanic Community Outreach.
Ascentra Credit Union – Hispanic Growth Products & Services
Ascentra will use the grant funds to continue growing and evolving its Hispanic outreach program and building community partnerships. This includes translating materials needed for upcoming presentations that will benefit the Esperanza Legal Assistance Center, a low-cost immigration services provider.
DC Federal Credit Union – Hispanic Professional Development & Education
The grant will allow a young, Hispanic member service representative at DC FCU to participate in the Cooperative Leaders Scholars Institute at this fall’s National Cooperative Business Association’s Impact Conference.
JetStream Federal Credit Union – Hispanic Scholarship Program
JetStream FCU will partner with a local high school to select a deserving scholarship recipient who is a member of a Hispanic low-income family and meets the following criteria: a 3.7 minimum GPA, a college in mind and an area of interest in business.
Members Credit Union – Hispanic Community Outreach
With the grant funds, Members CU will purchase two Spanish seminar-in-a-box kits from CUNA and materials for financial education sessions with Hispanic youth. The credit union will then partner with local organizations to conduct the seminars.
Nueva Esperanza Community Credit Union – Hispanic Community Outreach
Nueva Esperanza CCU will use the grant funds to serve more of the Hispanic population within its community, including expanding outreach efforts to local schools and local organizations to help promote financial education.
Point West Credit Union – Hispanic Community Outreach
Point West CU has partnered with a local organization serving Hispanic families with a range of programs. The grant funds will allow a Point West employee to hold regular hours at a partner community organization’s headquarters to assist Hispanic members with account opening, lending needs and basic financial services and fiscal management.
Santa Cruz Community Credit Union – Hispanic Growth Products and Services
With the grant funds, Santa Cruz CCU will develop a new website and mobile access, offer more financial education sessions and Spanish-language seminars, as well as help local Hispanic nonprofits with their financial inclusion efforts.
To donate to the Warren Morrow Hispanic Growth Fund, please visit the Coopera website.
Coopera (ko-pair-a) is a full-service Hispanic market solutions company with specific focus on credit unions nationwide. Coopera's dedicated bicultural and bilingual personnel work closely with clients to assess their needs and create growth strategies designed to increase Hispanic membership, revenue growth and loan volume. Coopera specializes in developing long-term partnerships with clients as they transition from the early stages of discovery to a best practice credit union. Founded by the late Hispanic community activist Warren Morrow, Coopera is owned by Affiliates Management Company, the holding company of the Iowa Credit Union League, and is an exclusive strategic growth partner of the Credit Union National Association. For more information, visit CooperaConsulting.com.
About the Credit Union National Association (CUNA)
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.
About the National Credit Union Foundation
The National Credit Union Foundation (the Foundation) is the charitable arm of the U.S. credit union movement and works as a catalyst to improve people’s financial lives through credit unions. Through grants and programs, the Foundation is strengthening financial well-being, igniting passion and instilling knowledge about the credit union difference, and uniting resources to help credit union people during disaster. Donations to the Foundation ultimately enable credit unions to help their members reach life-changing goals and achieve financial freedom. For more information, visit www.ncuf.coop.