WASHINGTON– Inclusiv and the Cornerstone Credit Union League reported they have entered into a Memorandum of Understanding (MOU) to integrate the Cornerstone Juntos Avanzamos program into the national Juntos Avanzamos program led by Inclusiv.
The agreement was signed by Caroline Willard, president and CEO of Cornerstone, and Cathie Mahon, president and CEO of Inclusiv, during Inclusiv’s Juntos Avanzamos Roundtable at America’s Credit Unions’ GAC in Washington.
“As part of the agreement, both organizations will launch an initiative directed to support Cornerstone footprint credit unions, providing best practices and assistance to expand their financial inclusion initiatives,” the organizations said in a statement.
Launches in 2005
Launched by the Cornerstone League in 2005 as an immigrant outreach program within a financial inclusion framework, Juntos Avanzamos was designed to help credit unions attract and serve the growing Hispanic market in Texas and Oklahoma, according to Incusiv.
It added that in 2015, Inclusiv and Cornerstone League signed an MOU to expand the program to all 50 states, Washington D.C., and Puerto Rico, creating the Juntos Avanzamos National program.
Inclusiv said Juntos Avanzamos is a program and designation designed for credit unions committed to serving and empowering Hispanic and immigrant consumers. To date, 137 credit unions serving 11.6 million member-owners in 31 states, Washington D.C., and Puerto Rico hold the Juntos Avanzamos designation, helping Hispanic and immigrant Americans navigate the U.S. financial system and providing safe, affordable, and relevant financial services, the organization said.
Serving in ‘Robust Manner’
“We recognize that there’s a need to ensure that credit unions are serving this community in a robust manner,” said Willard. “We were glad to have incubated that and brought it to its current stage so it can go national.”
Added Mahon, “The Juntos Avanzamos National Program has grown substantially since 2015 and has garnered the support of the credit union movement.
‘Key to Growing’
“Cornerstone’s leadership in creating Juntos Avanzamos and partnership with Inclusiv have been key to growing Juntos Avanzamos into the success it is today. We are excited for the opportunities this integration will bring to continue to promote positive change in the credit union movement and remove barriers for the financial inclusion of all communities.”
Incusiv said Cornerstone will hold two seats on the Juntos Avanzamos advisory committee and will continue to provide support and assistance to Inclusiv.
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