The Texas Credit Union League (TCUL), Texas Credit Union Foundation (TCUF) and the National Federation of Community Development Credit Unions (Federation) have teamed up to provide two educational sessions that will highlight the innovative work being done to bring affordable, yet sustainable financial services to low-income consumers and underserved communities.
Who should attend? Credit unions that currently hold or qualify for a low-income designation
Registration Fee: $75.00 per attendee (Lunch will be provided)
Date: Choice of April 29th (Dallas) or April 30th (Houston)
Time: 9:00 a.m. - 4:00 p.m.
Putting your low-income designation to work for your credit union and your members
How to leverage a CDFI Certification to access more external resources
A case study of a successful local low-income credit union
Tools and programs available for low-income and CDFI certified credit unions
Resources available from the Texas Credit Union Foundation for low-income credit unions
The workshop is being offered April 29 at TCUL’s headquarters in Farmers Branch, and April 30 in Houston. MemberSource CU is hosting the Houston workshop in their training room located at 10100 Richmond Ave.
“There are many advantages and opportunities to enable underserved, low-income individuals to gain access to credit union services,” said Mike Delker, TCUL senior vice president of CU Relations.
The LICU designation, Delker says, gives a credit union certain special powers, such as:
Ability to accept non-member deposits and secondary capital
Member Business Loans to 12.25% of their portfolio
Ability to provide transactional services to non-members
Delker further advised that credit unions attend this workshop to hear from other LICUs and learn what practices have been successful.
CDFI certification is a valuable tool that, together with the low-income designation, gives qualifying credit unions access to external resources and partnership opportunities that can significantly strengthen internal capacity to propel a credit union to its next phase of growth and relevance," said Pablo DeFilippi, director of membership at the Federation.
Credit unions interested in registering should contact Linda Winkfein, CCUE, vice president of TCUL’s small credit union department, at (800) 442-5762, ext. 6451 or firstname.lastname@example.org. Credit unions can also contact Lorri Gaither, assistant vice president of TCUL’s small credit union department, at (800) 442-5762, ext. 6423 or email@example.com.
For grant assistance, please visit TCUF’s website, at www.tcuf.coop or call (800) 953-8283.