FOR IMMEDIATE RELEASE
October 12, 2023
CUNA Senior Economist Ligia Vado delves into the scale of the potential effect the lift of student loan forbearance can have on credit union asset quality performance in this month’s CUNA Economic Update. Vado also showcased a couple of initiatives that help credit unions to strategically market and service the Hispanic and Latino market in the U.S. to commemorate the National Hispanic Heritage Month.
“Two complementary initiatives in the credit union movement focus on helping credit unions to reach and better serve the Latinx market: Coopera’s Hispanic Outreach Program (HOP) and Inclusiv’s Juntos Avanzamo, which means “’Together we Advance’”. HOP offers credit unions a holistic approach to inclusion … The Juntos Avanzamos designation is a framework provided nationally by Inclusive, which encompasses guidelines to help credit unions.” – Ligia Vado
Vado's research using Equifax analytics data sets shows:
Notable CUNA research on the effect of the adoption of Coopera’s and Inclusiv programs on credit union performance found:
Credit Union National Association (CUNA) advocates on behalf of America’s credit unions, which are owned by more than 135 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. To find your nearest credit union, visit YourMoneyFurther.com.