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Building Community Assets: Growing Lower-Income Credit Union Membership through Community and Credit Union Partnerships
Publication Date: June 2008
Publisher(s): Woodstock Institute (Chicago, Ill.)
Author(s): Marva Williams; Tom Feltner; Sarah Duda
Funder(s): Annie E. Casey Foundation; Ford Foundation; Polk Bros Foundation
Funder(s): Annie E. Casey Foundation; Ford Foundation; Polk Bros Foundation
Special Collection: John D. and Catherine T. MacArthur Foundation
Topic: Banking and finance (Banks and other financial institutions)
Economics (Property and wealth)
Keywords: Low-income communities; Credit unions; Community partnerships
Type: Report
Coverage: Illinois
Abstract:
This report details the partnership process and lessons learned from a two-year technical assistance program designed to help community organizations partner with mainstream credit unions with the goal of enrolling new lower-income members or expanding an existing partnership. The case studies describing these partnerships identify four strategic areas through which partnerships can be strengthened and the common barriers to developing a successful partnership can be overcome.