If you haven’t read this report released by Filene Institute, I suggest you do. In fact, I’m looking for comments on the question raised in this research report.
The researchers, Stuart Hart and Monica Touesnard from Cornell University, have provided us with sustainability initiatives that credit unions and other financial institutions have implemented that have and could “simultaneously benefit members, their communities, and credit unions’ bottom lines.”
Doug tells the story of a real member’s struggle to make ends meet, and leads to this fact: “If someone’s going to offer an alternative to payday lenders it’s got to be credit unions because no one else is going to do it.” Also, here is a recent quote of Doug’s regarding REAL Solutions…
“Real Solutions has been an integral part of the success of StretchPay. In fact, StretchPay would not nearly be the success it is today without the involvement of Real Solutions. They good folks at Real Solutions gave StretchPay a voice in the national credit union community it could not have attained on its own. Real Solutions is as much a part of the success of StretchPay as are the credit unions offering the valuable payday loan alternative.”
Credit cards represent a product area where credit unions are demonstrating their philosophy of people helping people through concrete action.
This is an amazing resource on serving the underserved.
In terms of identity, LMI individuals describe how money related stress can changes people’s personalities, making them anxious, depressed, or desperate, and often bringing out their “dark side.”
"The Center for the Development of Social Finance (CDSF) is a non-profit education and research organization.They promote a greater understanding of money and finance.
William Azaroff writes about Vancity's new Social Finance division.
Kiva's mission is to connect people through lending for the sake of alleviating poverty.
The Internal Revenue Service Volunteer Income Tax Assistance (VITA) Site program offers free tax help to ...
Auto loans are a major (if not THE major) asset category for credit unions around the nation. Learn how ...
Check out REAL Conversations with attendees at our annual GAC conference....
Biz Kid$ – a TV show about kids, money, and entrepreneurship – is on PBS stations across 48 s...
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