RALEIGH, N.C.–“Don’t laugh, but I believe credit unions can end poverty.”
That statement is from Maurice Smith, CEO at the $2.66-billion Local Government FCU in Raleigh, N.C., who is also a former chairman of CUNA.
Smith’s comment came during an interview with Susan Mitchell, CEO of Mitchell, Stankovic & Associates and founder of the Underground as part of a discussion about integrating innovation into credit unions.
“We want to do something evolutionary, revolutionary, sustainable and scalable about the poverty that grips households and communities,” said Smith.
The full discussion can be viewed here.