Texas State Representative Joe Farias recalls vividly how his older siblings would have to accompany his parents to the bank to serve as translators because they couldn't speak English. The language barrier, he said, makes Hispanics easy targets for predatory lenders.
Texas State Representative Joe Farias recalls vividly how his older siblings would have to accompany his parents to the bank to serve as translators because they couldn’t speak English. The language barrier, he said, makes Hispanics easy targets for predatory lenders. Hispanic families need financial institutions like Randolph-Brooks FCU (RBFCU), a Universal City-based credit union that has just earned the Cornerstone Credit Union League’s Juntos Avanzamos, or Together We Advance designation.
“My heartfelt congratulations,” Rep. Farias told RBFCU officials yesterday during a Juntos flag presentation at the credit union’s Summit branch. “This is a big win for my constituents.”
Rep. Farias is known for his dedication to improving the financial well-being of his constituents, and fighting predatory lending practices.
from left to right: Dick Ensweiler, Rep. Farias, Bob Peterson
Dr. Harry Edwards, RBFCU chairman of the board, remarked that it is the credit union’s privilege to serve the community.
“We have a lot of passionate people working day and night to serve our members,” he said.
In honor of receiving the designation, RBFCU made a $1,000 donation to the Harlandale ISD’s Mariachi program. Leslie Garza was there with students from the Mariachi program to receive the donation. The students performed several numbers at yesterday’s event. Garza told attendees at the flag presentation event yesterday that the district’s
partnership with RBFCU is unlike any others. The support the district receives from RBFCU, she said, has made a huge impact.
The goal of the Juntos Avanzamos program is to identify Texas credit unions that are effectively serving the needs of the emerging Hispanic market. When Hispanic families see the Juntos Avanzamos flag, they will know that affordable and friendly financial services are available to them at that institution.
The designation must be earned. To be eligible, credit unions must go through a rigorous application process demonstrating they have the capacity, commitment, and compassion to serve the Hispanic market’s financial needs.
League CEO Dick Ensweiler officiated the event yesterday.