DURHAM, N.C. (8/21/12)--A Durham, N.C., credit union has announced a special loan to assist eligible members seeking educational and employment opportunities through the U.S. Citizens and Immigration Service (USCIS) deferred action process for young individuals who were brought to the U.S. as children.
Latino Community CU's Dreamer Loan will cover the $465 USCIS application expenses. The loan application process will be easy, low-cost, and available to members with or without credit history, said the $106 million asset credit union. Those under the age of 18 may apply for a loan with the help of their parents.
"Latino CU feels strongly about offering the Dreamer Loan to ensure that everyone who is eligible for deferred action has the means to apply in the hopes of increasing their educational and employment opportunities and ultimately improving their quality of life," said Luis Pastor, Latino Credit Union president/CEO.
To apply for a Dreamer Loan, an applicant must be or become a member of Latino CU and provide three documents:
1. A valid photo ID from any country, or a valid school ID;
2. Valid Individual Taxpayer Identification Number (ITIN); and
3. Proof of current physical address.
Latino CU will also offer loans for attorney fees; however those loans will be subject to the same requirements as a traditional personal loan.
Latino CU has 10 branches in North Carolina.