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News Now

CU System
CUs incentive plan helps Vermont immigrants save
BURLINGTON, Vt. (1/27/09)--A Vermont credit union is helping recent immigrants learn to save with an incentive--with free movie tickets. Opportunities CU, a $27.4 million asset credit union in Burlington, Vt., says that everyone is feeling the negative effects of the economy but recent immigrants are especially vulnerable, reported WCAX-TV News (Jan. 24). The station interviewed three teens, new to this country, who opened their first savings accounts at the credit union. They brought their instructor, who teaches English as a Second Language at a local high school, to assist in the paper work. They plan to save for college while learning English. Members who make a savings deposit each month of any amount--be it one dollar or $10-- will get two movie tickets to a local theatre every three months, Jeremy Brown of the credit union told the station. The credit union serves low-wealth individuals.


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