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CU System
CDCU selected to launch America Saves Week in NYC
NEW YORK (3/3/08)--Neighborhood Trust FCU last week hosted a press event to help launch America Saves Week, an effort aimed at encouraging more institutions and individuals to save, reduce debt and build wealth.
From left: Robert V. Hess, New York City Department of Homeless Services commissioner; Lisa Mensah, executive director of the initiative on financial security at the Aspen Institute; Justine Zinkin, Neighborhood Trust FCU executive director; Elvira de la Cruz, Neighborhood Trust FCU member; and Jonathan Mintz, New York City Department of Consumer Affairs commissioner, promoted last week’s America Saves Week in New York City. (Photo provided by the National Federation of Community Development Credit Unions)
Neighborhood Trust is a $7.2 million asset, community development credit union (CDCU) serving the mostly low-income and immigrant community of Washington Heights in New York City. Organized by the Initiative on Financial Security and the Aspen Institute--an America Saves national partner--the press conference included remarks from Jonathan Mintz, New York City Department of Consumer Affairs commissioner; Robert V. Hess, New York City Department of Homeless Services commissioner; Lisa Mensah, executive director of the initiative on financial security at the Aspen Institute; Justine Zinkin, Neighborhood Trust FCU executive director; and Elvira de la Cruz, a member of Neighborhood Trust. Zinkin highlighted the importance of CDCUs in helping low-income New Yorkers save for the future, and cited members like de la Cruz for their efforts. “Opportunities to save, establish credit, and access capital are critical for families seeking to escape poverty,” Zinkin said. “Neighborhood Trust is one of many community development credit unions in New York City committed to offering financial services tailored to the needs of low-income communities, coupled with comprehensive education and counseling efforts.” The two city agencies in attendance also discussed programs they have developed to help low-income New Yorkers reach their financial goals.
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