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 the latest 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 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 Avanzamos, 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,” she said.
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: