Top 10 Credit Union Conferences to Attend

As the leading provider of compliant lending documents and forms for credit unions, we pride ourselves on staying ahead of the curve, keeping up with all the latest trends in the industry, and are always open to learning more. Attending credit union conferences means getting the chance to broaden your network, promote deeper understanding, uncover new knowledge, and reinforce existing practices.

We hope to see you soon at any of these Top 10 Credit Union Conferences to Attend.

With the COVID-19 pandemic impact on in-person gatherings, many credit union conferences have had to re-invent, postpone, or cancel for 2020. With all the changes in CU conferences this year, many credit union events are going fully virtual, giving many peers in our industry the opportunity to attend a show they wouldn’t normally consider with travel.

Whether it be in person or online, now is the perfect time to make plans for you and your team to take advantage of the learning opportunities that can help keep your credit union on top of all the latest trends and innovations in the industry. Here is a list of the top 10 CU conferences to attend in 2020 and 2021 that will surely make continuing education a cornerstone of your growth strategy!

Head to the Oak Tree Business Systems, Inc. blog to learn more about what’s happening in the credit union industry!

1. Credit Union Leadership Convention

Who: PEI Media

What: The Credit Union industry’s first virtual week-long convention! Choose from 7 Breakout Summits and learn from the world’s most inspiring keynote speakers.

When: Jul. 28 — 31, 2020

Where: VIRTUAL EVENT

2.  Credit Union Marketplace Experience

Who: Cooperative Credit Union Association

What: The largest show of its kind in New England has now gone virtual! Every Monday morning from August through October you will get the opportunity to showcase your products and services to hundreds of credit union leaders from all over, for a total of 9 sessions.

When: Aug. 3 — Oct. 5, 2020

Where: VIRTUAL EVENT

3.  Congressional Caucus

Who: NAFCU

What: Premier credit union lobbying event of the year where you will have access to lawmakers and regulators who determine future laws that govern our industry.

When: Sep. 13 — 16, 2020

Where: Washington, D.C.

4.  The Lending Conference

Who: NAFCU

What: Learn to build your credit union lending portfolio with the best practices, ideas, and tactics from the industry’s most successful lenders.

When: Oct. 19 — 21, 2020

Where: San Diego, California

5.   REACH

Who: California and Nevada Credit Union Leagues

What: Learn from hundreds of credit union professionals and gain access to expert advice and valuable products from multiple vendors.

When: Oct. 25 — 29, 2020

Where: Palm Desert, CA

6.   The Great New England Credit Union Show

Who: American Business Media

What: The must-attend event for anyone working in the credit union industry. Learn the latest in cybersecurity, member engagement, and much more with hundreds of credit union colleagues.

When: Nov. 13, 2020

Where: MGM Springfield, MA

7.   Minnesota Credit Union Network Annual Conference

Who: California and Nevada Credit Union League

What: These 2 days will feature guest speakers, educational sessions, networking opportunities, the MnCUN Business Meeting, in the state’s largest credit union vendor exhibit hall.

When: Nov. 18 — 19, 2020

Where: Bloomington, Minnesota

8.   LAUNCH Conference

Who: The Carolinas Credit Union League

What: Returning for its fourth consecutive year, learn to LAUNCH your operations and service success with the latest trends, strategies, and products.

When: Feb. 4 — 5, 2021

Where: Charlotte, NC

9.   Governmental Affairs Conference (GAC)

Who: CUNA

What: CUNA’s biggest event, gathering thousands of credit union leaders in Washington, D.C.

When: Feb. 28 — March 4, 2021

Where: Washington, DC

10. 53rd Annual Conference & Solutions Expo

Who: NAFCU

What: Conference designed for your leadership team to learn and strategize together, while discovering the megatrends in the most important topics that affect credit unions.

When: Jul. 27 — 30, 2021

Where: Savannah, Georgia

Is there an event you would put on your Top 10 Credit Union Conferences to Attend that we did not? Let us know!

International Credit Union Day 2020

International Credit Union Day 2020

On October 15, 2020, credit unions all over the U.S. celebrated the 72nd International Credit Union Day 2020! The theme this year was “Inspiring Hope for a Global Community.”

The first ICU Day was celebrated in 1927 by the Credit Union League of Massachusetts. After a few years of not celebrating the holiday due to rapid growth and change in the credit union industry, ICU was established on the third Thursday of October.

ICU Day is a day of recognizing the CU global community, celebrating the progress we’ve made with the #CUmovement, and giving back to the people we serve.

Although 2020 has brought many challenges, credit unions have shown true resilience. We have been in awe of the work CUs have done for their communities in the last few months, and how the #poeplehelpingpeople movement has only gained speed in the face of the COVID-19 pandemic.

There is no better way to celebrate ICU Day than by featuring some of our #CUfamily and the ways they are celebrating!

A+ Federal Credit Union showed their spirit for ICU Day by driving in a parade for the Austin Habitat for Humanity.

Georgia United Credit Union donated $5,000 to four area food banks for their #fighthunger challenge.

Maui County Federal Credit Union packed 554 bags of emergency food for the Maui Food Bank.

Delta County Credit Union paid for lunches at local restaurants for #CULunchLocal.

Linn Area Credit Union is raising money for United Way of East Central Iowa.

Northeast Credit Union gave our $5 to lucky members.

Synergy Credit Union made a $100,000 donation that will be distributed among more than 30 schools in West-Central Saskatchewan.

United Savings Credit Union is matching donations up to $1,000 until October 30th for Great Plains Food Bank and the Becker County Food Bank.

Don’t forget to check out our 2020 ICU Day YouTube video.

We are elated that there is a holiday to celebrate the credit union movement, but we all know the great work CUs do doesn’t stop there. We like to honor the #CUfamily every week in our #HumanitarianHighlight blog posts!

Oak Tree is proud to be a part of the #CUmovement. As a credit union partner, you can count on us. Contact us today for your compliant and member-friendly forms.

Good Deeds Last Forever

Humanitarian Highlight 10/15/20

Humanitarian Highlight 10/15/20 | Good Deeds Last Forever

Hello everyone, happy Thursday and welcome back to an all-new Humanitarian Highlight! It brings us so much joy to see all these wonderful credit unions perform good deeds in their communities. These credit unions have exemplified so much hospitality towards others and we wanted to shine the spotlight on them! Thank you to everyone who was involved in these exceptional acts of kindness! Catch us back next week for more incredible stories. Because Good deeds last forever.

Public Service Credit Union

Public Service Credit Union awarded ten students $1,000 each. Due to gathering restrictions because of COVID-19, the awardees were honored online at www.PSCUnow.com/scholarships.

Marshfield Medical Center Credit Union

During the month of August, Marshfield Medical Center Credit Union (MMCCU) asked members to bring their coins in for deposit. At the end of the month, MMCCU would donate a percentage of the profits up to $500 to a local charity. Members brought in a total of $14,496.54 coins for deposit in August.

Logix Federal Credit Union 

Logix Federal Credit Union announced Tuesday the conclusion of its Paying with a Purpose campaign, having raised $50,000 to benefit five local hospitals serving its branch communities.

Pennsylvania State Employees Credit Union

In honor of Hunger Action Month, Pennsylvania State Employees Credit Union decided to match gifts to the Central Pennsylvania Food Bank’s Virtual Food Drive, which was up to $10,000!

Members 1st Federal Credit Union

Members 1st Federal Credit Union held its 23rd Annual Charity Golf Classic on Monday, August 31, 2020. The outing format consisted of a four-person scramble with assigned tee times. There were 128 golfers, and it was held at Hershey Country Club. Beneficiaries of the outing included A Week Away Foundation, Central PA Food Bank, Lancaster Recreation Commission, and The Salvation Army. A grand total of $125,000 was raised, and each organization took home checks in the amount of $22,000

The Northwest Federal Credit Union

The charitable arm of Northwest Federal Credit Union recently presented a check for $10,000 to Dr. Julie Leidig, provost of Northern Virginia Community College (NOVA)-Loudoun for use by the NOVA-Loudoun campus for its Lifeline program, an emergency relief fund for students at the Loudoun Campus.

Diamond Credit Union

Diamond Credit Union awarded the 17th annual Alfred A. Panfile Memorial Scholarships to seven local and very deserving students. A total of $7,000 in scholarships were awarded to the Class of 2020. Mr. Panfile was a longtime volunteer member of Diamond’s Board of Directors before his passing in 2012.

Today is a very special day for the Credit Union Community as it is International Credit Union Day, aka ICU Day. It is a great opportunity for us to help raise awareness for those who are not members of a CU to learn how we are helping create and build communities. Especially amidst a global pandemic, we are seeing many members of credit unions find hope and help through their credit unions. This is one of the largest factors that differentiate credit unions from other financial institutions.

Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598, especially if your credit union needs the best lending documents! Good deeds last forever and so does our love for the credit union community!

Taking that Extra Step

Humanitarian Highlight 10/8/2020 | Taking that Extra Step

Humanitarian Highlight 10/8/2020

Welcome back, credit union family! How has everyone’s week been going so far? In today’s #HumanitarianHighlight we mentioned a few credit unions that took that extra stride in making sure the members of their community feel safe and heard. If you know of a credit union that has positively impacted their community, tag us and let us know so we can give them a shoutout! Taking that extra step isn’t hard, especially when you have humanitarians ready to help.

American Heritage Credit Union

Helping creating a #CUdifference, American Heritage CU raised $8,338 AND donated 2,284 books from their Books For Kids program!

Want to become a Book Buddy? Call their branch 215.969.0777 for more information!

Wright-Patt Credit Union

WOW! Wright-Patt Credit Union’s Sunshine Community Fund raised well over $260,000 from October 2019 to June 2020!

“An $80,000 check was presented to each of their most recent Sunshine Community Champions – Dayton Children’s Hospital and Rebuilding Together Dayton. The remaining $100,000 will go back into the Fund to help support additional community efforts throughout the year. Since 2013, the Sunshine Community Fund has contributed over $2 million to local nonprofit organizations.  WPCU held a virtual check presentation to celebrate this milestone while maintaining safe social distancing.

‘Throughout the COVID-19 pandemic, WPCU has been working hard to help our members and the communities we serve to build strength,’ said Tracy A. Szarzi-Fors, Wright-Patt Credit Union’s Vice President of Marketing and Business Development. ‘We’re proud to continue supporting local nonprofits that make such a big impact in people’s lives like Dayton Children’s Hospital and Rebuilding Together Dayton.’” Wright-Patt Credit Union

Click HERE to read more!

Great Northwest Federal Credit Union

From the hiatus of the pandemic, a ton of events and meetups had to be canceled due to health reasons. At the end of July, Relay for Life of Grays Harbor hosted a drive-thru event, and with such a generous credit union, Great Northwest FCU participated and donated $5,600!

Georgia United Credit Union

During one of the random acts of kindness stops, Georgia United CU delivered snacks to the faculty and staff from the University of North Georgia!

TwinStar Credit Union

Nothing is ever going to get in the way of this crew! TwinStar CU’s Relay For Life Committee is not letting COVID get in the way of helping out their community. Even with the pandemic, the committee raised an astounding amount of $15,657 to be donated to Relay For Life of Thurston County!

Click HERE to read about their virtual events!

Click HERE to learn about Relay For Life!

Del-One Federal Credit Union

Continuing to show their #CUdifference, this year Del-One FCU donated to 37 organizations while also celebrating 60 years of service!

Click HERE to see what types of positive deeds Del-One FCU has been involved in the past.

Frontwave Credit Union

Let’s give a big round of applause to Frontwave CU for being honored with 6 MAC Awards for excellence in marketing from the Marketing Association of Credit Unions.

“‘It’s an honor to be recognized among our peers who all do such incredible work in the industry. Frontwave has made great strides with our new brand and elevating market awareness, affinity, member loyalty, and penetration in a highly competitive market,’ said Todd Kern, Chief Marketing Officer for Frontwave Credit Union.” CUtoday

CU Forward Day 2020

The annual celebration is happening on Monday, October 12, 2020!

What is CU Forward Day about? This is a statewide day for all Minnesota credit unions to help spread kindness throughout their communities.

“Last year, a total of 58 credit unions and organizations dedicated over 20,000 hours of service to the community as a collective whole with 4,000+ volunteers. The concept spread outside of Minnesota across our nation, as well, with the Illinois Credit Union League launching CU Kind Day, a credit union-driven kindness day, and Mississippi credit unions piloting a giveback day through their young professional’s group, LEAD.” Minnesota Credit Union Network

Click HERE to learn more!

Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598, especially if your credit union needs the best lending documents!

New Blessings

Humanitarian Highlight 10/1/20

Humanitarian Highlight 10/1/20 | New Blessings

Happy October everyone and happy Humanitarian Highlight day! It is always a pleasure to shine the spotlight on some amazing credit unions that are doing incredible acts of kindness for their communities. These new blessings are going to help build some great communities!

This week we also wanted to bring awareness to this year’s CU FORWARD Day, an annual celebration of credit unions spreading kindness! This Minnesota event is held annually and is a statewide initiative of credit union employees, members, and partners coming together to volunteer with local organizations, and generally give a huge “thank you” to the people who deserve it most. Minnesota’s Credit Unions will hold its CU FORWARD Day on Monday, October 14! For more information, make sure to click HERE and tune in for more!

---

First Trust Credit Union

This year, First Trust Credit Union distributed a total of $8,630 in scholarships to eight local high school students. “What’s very exciting about our scholarship program is that we offer scholarships to both students pursuing typical four-year degrees, and also students pursuing associates degrees, certificates, and apprenticeships,” said Dorene Martinson, Marketing Director for First Trust Credit Union.

Navy Federal Credit Union

Navy Federal Credit Union employee volunteers collected and donated various school supplies to Sherwood Elementary School during their annual Sponsor a Teacher drive in Pensacola on Friday, August 21, 2020.

Blackhawk Community Credit Union 

Blackhawk Community Credit Union donated $250,000 to a local free clinic despite the credit union’s recent financial retrenchment. The money will be used to buy a building or property to establish a new health care center for HealthNet.

Travis Credit Union

In the wake of the LNU Lightning Complex Fires, the Travis Credit Union Foundation has started accepting donations to address urgent needs. The donations will provide financial assistance for victims, firefighters, and communities that have been impacted by the fires. They also serve to provide funding for anyone in need of food, shelter, clothing, and money for necessities. TCU will cover all administrative costs, so 100 percent of donations will go toward supporting recovery efforts.

Christian Community Credit Union

Christian Community Credit Union donated $10,000 to International Ministries’ (IM) relief effort in response to the devastating massive explosion in Beirut, Lebanon. IM has global servants serving in the area who can offer immediate help to those affected by the blast.

Rogue Credit Union

The Oregon legislature recently approved $35 million to provide one-time payments of $500 to Oregonians who were financially impacted by the coronavirus. The $35 million in funding is being distributed by specific credit unions across the state. In southern Oregon, the Medford-based Rogue Credit Union has offered to provide any assistance needed. Thank You, Rogue CU!

Calhoun Liberty Employees Credit Union

With school starting back up again, the Calhoun Liberty Employees CU put together goody bags for teachers and staff at all the Liberty County and Calhoun County schools. They also took the liberty of going around and delivering them all!

Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598, especially if your credit union needs the best lending documents!

Navigating Current Lending Trends

Navigating Current Lending Trends for Growth and Compliance

Following current lending, trends can boost loan applications and approvals. It can also spark new partnerships and provide a competitive edge in a volatile market. Let’s look at navigating current lending trends for growth and compliance; and how they can help your credit union grow.

How do I encourage membership growth?

CUs generally have lower loan rates, higher rates on savings and investment accounts, and fewer fees. While credit unions focus on securing memberships from younger generations, it’s important not to discount lending to small and mid-size businesses.

Due to economic uncertainty, small business owners are forced to seek online lending options. Online lenders are dominating the market with higher percentage approvals and quick funding.

Small businesses are worth the acquisition cost since most will need additional products like checking and savings accounts. A positive CU experience could solidify a long-term client both for business and personal financial needs.

How do I increase equipment loan approvals?

Once you have established relationships with small and mid-size businesses, they will likely need additional loans such as equipment financing. While it’s easy to put a business owner into a box by only recognizing his credit score or actuarial models, that box doesn’t meet the needs of today’s business owner.

Does the owner have collateral? Cash flow? Do they have a good reputation with your CU? All of these factors should also influence loan approval.

By underwriting each equipment loan, you can personalize the experience and collect pertinent data that can help upsell additional products and services.

Take the time to get to know local industries that are seeking loans. Do you understand their equipment needs? Are they able to source new or used equipment?

Establishing genuine care and concern for each business member’s needs can generate referrals and build trust among industries. Running a business in any industry is difficult and understanding the needs and unique financial mistakes can help your CU provide solutions to keep those businesses running without a hitch.

How do I go digital without losing members?

By 2025, it is estimated that over half of tasks currently held by various credit union personnel such as loan officers, tellers, and financial advisors could be automated according to Accenture. Although going digital could save financial institutions billions of dollars, it also affects the ability to provide a human experience, a touchpoint that credit unions rely on.

However, going digital doesn’t have to mean slashing the workforce or giving your members the cold shoulder. For example, OceanFirst Financial in New Jersey retrained its employees to assist digital banking roles.

Even though OceanFirst closed over 1/3 of its branches, through its employee retention efforts and forward-thinking mindset, it was able to keep over 90% of members who banked at the closed branches.

By adopting digital processes, OceanFirst also witnessed an 81% increase in mobile deposits (2019). Investing in retraining their employees not only educates their staff on digital processes but provides growth and sustainability for their coverage area.

Why should I partner with fintech?

As the need for a personalized digital banking experience paralyzes credit unions, fintech can provide the perfect partnership.

Your CU doesn’t have to become fluent in online coding or start from square one. By partnering with fintech companies, credit unions can expand their network of businesses, and simplify the loan process to engage more members at a faster pace.

This strategy is particularly important for CUs that lack manpower and budget in the areas of risk, underwriting, and compliance.

Fintech can also help CUs gather data analysis regarding their potential and current membership. The data measures credit risk allowing the credit union to understand the borrower’s financial behavior before a transaction has commenced.

By using smart credit risk technology, CUs can feel comfortable approving the loan, even if traditionally the borrower may have questionable credit on paper. This is the main avenue fintech uses to speed up loan approvals.

It’s important to choose a fintech early in the game. As fintech gets more established the rates start to increase, which means the cost of partnership can as well. Coronavirus has forced scenarios we have never conceived before. Only being able to communicate via a virtual world is right up fintech’s alley so take advantage of their automation techniques in personal and small business lending.

What’s next for the U.S. economy?

Since 2000, credit union lending as increased in both first mortgage and auto. Totaling $81.6 billion (26.0% of all credit union loans in Q2 2000) and $440 billion in Q2 2019 (41.1%), first mortgages have seen an increase of over 15%. Auto loans have increased too from $123.6 billion in 2000 to $374.4 billion in 2019.

However, 2020 has ushered in a global pandemic, social unrest, and an economic downturn. With all of these factors, it is unlikely that the nation will be as strong economically as it was between 2015-2019. Here are 3 factors that could limit economic growth in the next couple of years.

1. Political Uncertainty

President Trump frequently tweets and according to JP Morgan, those words go way beyond social media banter. JP Morgan nicknamed the tweets the ‘Volfefe Index’ after a confusing 2017 “covfefe” tweet. These specific tweets are showing a significant impact on Treasury yields.

Depending on the content, tweets affect volatility in the market which affects the pricing of options and securities.  As the November election looms, uncertainty in the market is considered commonplace.

2. Low Inflation Rate

A low inflation rate is meant to keep the recovery going. However, when inflation rates are already low, cutting them can make a weak economy weaker.

The probability of an additional 25-basis-point rate cut averaged approximately 87% for contracts expiring between the end of 2019 and September 2020 as found by the Federal Reserve Bank of Atlanta’s market tracker.

3. Future Economic Trends

As a higher ratio of Americans is retiring, the U.S. has seen a slowdown in productivity. Less productivity means less economic growth. This decline of economic growth along with a decline in consumer spending could be problematic for a quick economic recovery.

Even with lending wrapped up in the chaos of economic uncertainty, now is the time to invest in technology and comply with industry regulations to stay competitive. Listening to the needs of your members can help your CU weather economic uncertainties. Here at Oak Tree we follow the lending trends in the credit union industry and are here to help you adapt. What’s your feedback on navigating current lending trends for growth and compliance at your credit union?

New Heights

Humanitarian Highlight 9/24/2020 | New Heights

Humanitarian Highlight 9/24/2020

Welcome back to another #HumanitarianHighlight!! In today’s blog, we have many different credit unions that have contributed many types of actions to help out their communities. We couldn’t be more inspired by all the credit unions mentioned, which have inspired us to also take part in local food drives! So, thank you to all the credit unions taking humanitarianism to new heights!

Belco Community Credit Union

Caring for everyone around their community, Belco Community CU sponsored lunch for 60 students in The Salvation Army Summer Youth Enrichment Program. This is an absolutely incredible gesture. Thank you, Belco Community CU!

Nuvision Credit Union

Nuvision CU has been helping its members maintain financial security as part of their NuvisionCares program, all throughout the COVID crisis. The credit union teamed up with Think Together’s Shalimar Learning Center (an afterschool resource center for students who are from low-income families), to collect non-perishable foods and household items, diapers, and formula for the families who are in the program.

“We collected a large amount of food which benefited over 120 families. Every Nuvision branch participated. Our drop-off locations were also visited by numerous first responders and Costa Mesa Mayor Katrina Foley, who stopped by to bring some canned goods in support of the initiative.

We’re grateful to have been able to assist these families at a time when they need it most. These kids are going to be the next generation of hard workers in our community, and we want to make sure they have everything they need to learn, grow, and build their futures.” Nuvision CU

Also for the members in their Alaska branch, Nuvision was able to donate 3,300 pounds of food and raise $3,000 for the TCL’s Summer Meal Kit Program.

“From July 6th to the 31st, we collected donations at all branch locations. Every family who participated in The Children’s Lunchbox program received two snacks and two dinners per child, along with a pantry box that contains breakfast, lunch, and dinner for four.” Nuvision CU

Read the whole BLOG!

Utilities Employees Credit Union

Let’s give a shout out to the Utilities Employees CU employees for putting together and supplying goodie bags to be delivered to the United Community Services to help out their Unity in the Community event.

“United Community Services is committed to providing quality programs to meet the needs of Berks County residents. With the help of its many partners, UCS is able to offer programs that link individuals to workforce development opportunities reducing the risk of sustained poverty. In addition, UCS provides information and referral for individuals who are not eligible for programs, or need additional assistance…

UCS has gathered resources beneficial to connecting with partners and other agencies for anything ranging from help with the insurance marketplace and/or job searching.” United Community Services

Mass Bay Credit Union

Mass Bay CU took the time to deliver 400 of their backpacks full of school supplies to Francis W. Parker Elementary School! This is such a nice gesture and we are so proud of you all!

Marine Federal Credit Union

How awesome is this?! Marine FCU supplied 350 backpacks that were filled with school supplies to be given out to military children!

McCoy Federal Credit Union

Did someone say special delivery? McCoy FCU’s employees have done a fantastic job in making sure that the students from Lancaster Elementary School had the school supplies they needed before the year started. Way to go #CUfamily!

Coastal Community And Teachers Credit Union

Now, this is just wonderful! The Young Professionals group from the Coastal Community And Teachers Credit Union collected donations and acquired items for The Purple Door nonprofit organization. Outstanding job, everyone!

“The Purple Door is a 501(c)(3) nonprofit organization headquartered in Corpus Christi, Texas. Our agency provides FREE services to victims and survivors of family violence and sexual assault throughout a 12-county region of South Texas. We offer support and empowerment to individuals through safe shelter, non-residential services/programs, and outreach.

All services are confidential and available free of charge to victims and survivors staying at the shelter and those residing elsewhere in the communities we serve.” The Purple Door

Click HERE to learn more!

Hope Credit Union

A blog from their website:

“Netflix Invests $10 Million in HOPE to Build Economic Opportunity in Black Communities

JACKSON, MS – Netflix today announced a $10 million deposit in Hope Credit Union as one of the first investments in a $100 million initiative to build economic opportunity in Black communities. The investment is among the first made by Netflix in financial institutions and other organizations that directly support Black communities in the U.S.

The Netflix investment in HOPE will be in the form of a Transformational Deposit. In each Deep South state served by HOPE, for every dollar in net worth held by white households, Black households hold between ten and twenty cents. Through Transformational Deposits, HOPE imports funds into these capital-starved communities to make business, mortgage, and consumer loans and provide other financial services that build wealth and foster economic mobility. Over the next two years, HOPE estimates the Netflix deposit will support financing to more than 2,500 entrepreneurs, homebuyers, and consumers of color.”

READ THE FULL BLOG HERE!

Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598, especially if your credit union needs the best lending documents!