Collins Community Credit Union pledges $50M to affordable housing effort
CEDAR RAPIDS, IA (June 28, 2021) — Iowa-Collins Community Credit Union has entered the national conversation surrounding low-income housing.
This Iowa based credit union has pledged $50 million dollars to finance the purchase, retention, and establishment of affordable housing units.
In part, Collins will purchase loans from other financial institutions that are concentrated on affordable housing and support the borrowers through the financial process.
“Affordable housing is critical to fulfilling a community need. Putting a particular focus on this, is core to our mission of “People Helping People.” We want to invest in our communities and advocate for those who need it the most.” stated Stefanie Rupert, CEO of Collins Community Credit Union.
About Collins Community Credit Union
Collins Community Credit Union is a not-for-profit financial cooperative owned by its members. Its field of membership expands to 38 counties in Iowa and three counties in Illinois. Collins Community Credit Union provides a full range of financial products and services to ignite the financial futures of its employees, members, and the communities it serves. For more information, visit www.collinscu.org. Aspire. Ignite. Achieve.